> Volatility is minimal because the central bank actively tries to minimize it. Bitcoin or gold don't have this stabilizing mechanism, so they will always have

> Volatility is minimal because the central bank actively tries to minimize it. Bitcoin or gold don't have this stabilizing mechanism, so they will always have worse volatility (assuming a responsible central bank). You've been indoctrinated well. Here's an explanation I made on what the central bank is really doing: https://news.ycombinator.com/item?id=40114857 https://news.ycombinator.com/item?id=40114857 > In a sufficiently long time horizon, stocks are guaranteed to outperform Bitcoin given some weak assumptions. In a sufficiently long time horizon, stocks will be priced in bitcoin. Rather than an index fund giving you 7% but with a 7-10% devaluation of your fiat (i.e. net return of -3% to 0%), it will return you 7% with no devaluation of the underlying money (net 7%). Bitcoin is first proving itself as a store-of-value (fundamental for any money), then once it's growth has reached the point that it is stable enough to be used as a unit of account and medium of exchange, it will be, through demand from the people. Any volatility will be measured against bitcoin, not the other way round.