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.”
Copyright 2015, Deseret News Publishing Company