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The Washington Post thinks Bitcoin will stabilize in the future

Published: Monday, Feb. 3 2014 4:47 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

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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.

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