The Washington Post thinks Bitcoin will stabilize in the future

Published: Monday, Feb. 3 2014 3:40 p.m. MST

In this April 3, 2013 file photo shows bitcoin tokens at 35-year-old software engineer Mike Caldwell's shop in Sandy, Utah.

Rick Bowmer, Associated Press

Enlarge photo»

The Bitcoin economy will prove to be stable in the future, according to the The Washington Post’s Timothy B. Lee, who illustrates this in four charts and in-depth analysis.

“This pattern suggests that the extreme price volatility that has bedeviled Bitcoin since its inception is likely to prove a temporary phenomenon,” wrote Lee. “Bitcoin prices become volatile when a wave of media attention attracts a swarm of new users. As the Bitcoin economy grows and matures, these growing pains will become less frequent and less severe.”

Read the full article at washingtonpost.com.

Try out the new DeseretNews.com design!
try beta learn more
Get The Deseret News Everywhere