Why Bitcoin is the Path to Economic Stability

“Bitcoin is extremely volatile” say the journalists, economists and bankers.

Is it though?

If you were on a boat that was being tossed about by rough seas and were looking out at a lighthouse on the shore, that lighthouse’s position would appear extremely volatile. Here’s why Bitcoin is like that lighthouse.

Bitcoin is Profoundly Stable.

Everything about Bitcoin’s operation is actually perfectly stable. The supply of coins is issued precisely in the quantity and exactly according to the schedule that was set out on its launch. Bitcoin remains fully operational with not a single second of downtime in the last 8 years and only two downtime events in its entire existence. Every critical aspect of Bitcoin, like its decentralization, remains in place and only gets stronger over time.

No matter what the world has thrown at it, Bitcoin’s has kept all its promises:

  1. It has prevented bitcoins from ever being mis-spent or re-spent.

There have been no exceptions. How could anyone call this volatile?

Bitcoin’s Adoption is a Mass Migration Towards its Stability

When critics call Bitcoin volatile, it is not meant to be a compliment. They are implying that stability is preferable to volatility. This much is correct. They are just mistaken about what stability is. Bitcoin’s incredible stability and reliability as described above is precisely what is attracting such large and growing numbers of people, corporations, institutions and governments to adopt it in ever greater degrees.

As Bitcoin’s adoption increases, its value, as measured in dollars , rises profoundly, albeit with wild short term fluctuations as markets try to figure out just how valuable it is becoming.

What’s Volatile is National Currencies

The worst of the national currencies around us are in a state of collapse. Venezuela’s Bolivar has lost 99% of its value against the US dollar in just a year at the time of this writing. However, even the British Pound has experienced 17% volatility in ups and downs relative to the US dollar in the same one year period.

If we hold national currencies up to the standard of stability described above, none even offer any of Bitcoin’s promises.

  1. None offer any promises of predictability of supply — and many, including the dollar have seen massive supply increases in recent times.

Bitcoin is the Path from Volatility and Opaqueness to Predictability and Transparency

In light of all this, it is no surprise that Bitcoin is increasingly being chosen over national currencies. Bitcoin’s steady and unbreakable assurances give the world a stable standard upon which its people can reliably trade with one another across any distance, in any value and over any period of time. And this reliability is exactly what will lead to greater, global economic stability.

Want more? This entire series (plus a 26th bonus article) is available as a pdf or kindle ebook at https://swanbitcoin.com/whybitcoin.

This is article 13 of the Why Bitcoin Series.

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