A common criticism of Bitcoin that I've seen on HN and elsewhere is that Bitcoin is far too volatile with respect to established currencies like the US dollar a

A common criticism of Bitcoin that I've seen on HN and elsewhere is that Bitcoin is far too volatile with respect to established currencies like the US dollar and the Euro. Just look at any historical USD-per-BTC chart and judge for yourself: https://www.xe.com/currencycharts/?from=XBT&to=USD https://www.xe.com/currencycharts/?from=XBT&to=USD Until recently, this criticism has made sense to me... But as Bitcoin adoption has increased worldwide, I've come to think this criticism isn't as valid, because from the perspective of a growing number of Bitcoin owners, ALL established currencies are incredibly volatile. For example, the US dollar's exchange rate has bounced from a low of ~5000 Satoshis in 2017, to a high of ~30,000 Satoshis in 2018, to a low of ~8,000 Satoshis in 2019, to a high of ~20,000 Satoshis in 2020, to a low ~2,000 Satoshis at present.[a] From the perspective of holders of Bitcoin, the US Dollar is insanely volatile. Just look at any historical BTC-per-USD (or Satoshi-per-USD) chart and judge yourself: https://www.xe.com/currencycharts/?from=USD&to=XBT https://www.xe.com/currencycharts/?from=USD&to=XBT If and as more people start using Bitcoin (or Satoshis) as their frame of reference, their perception of volatility will change accordingly. -- [a] 100,000,000 Satoshis = 1 Bitcoin.