As a matter of fact, Bitcoin’s apparent volatility is not nearly close to any of these national currencies. The Venezuelan Bolivar, for instance, has lost so much value in the past five years, it isn’t worth its value in paper.
It goes without saying that Bitcoin had a torrid period in 2018. Nonetheless, this is nowhere close to some national currencies. Many investors may have been disappointed but the recent resurgence is reassuring.
Bitcoin is money. This is a fact that the world is certainly acknowledging as the coin is just over a decade old. At the moment, the smallest unit of Bitcoin, a Satoshi (0.00000001 BTC) is worth more than national currencies like the Vietnamese Dong, Iranian Rial and Indonesian Rupiah. Still fancy the phrase “magic internet money”?
This is something time has simply gotten the better of.