TCB Short - Isn't Volatility a Problem for Bitcoin?

Today we answer the question: Isn't Volatility a Problem for Bitcoin? Is Bitcoin Volatility a Problem—or Proof It’s Still Monetizing? TCB argues that Bitcoin’s volatility is not evidence it is failing as money, but evidence it is still monetizing through global price discovery. Comparing Bitcoin to mature systems like the U.S. dollar is framed as like comparing a startup to a Fortune 500 company; a better comparison is early-stage monetary goods such as gold or emerging national currencies. ...