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The Yen has lost close to 25% of it's value in the last few month. We are talking trillion+. Bitcoin is like thousands of times smaller, so volatility adjusted
by ttrreeww 14y ago
The Yen has lost close to 25% of it's value in the last few month. We are talking trillion+.
Bitcoin is like thousands of times smaller, so volatility adjusted for size/time, the two are similar.
- InclinedPlane 14y agoYes and no. Because international exchange values are not always completely relevant to real currencies. Exchange rates impact the cost of exports and imports, and a weak exchange rate can actually be a good thing sometimes because it makes export goods more competitively priced. Meanwhile, back home the cost of bread, or housing, or smartphones may not fluctuate at all so the currency is still plenty stable. With a pseudo-currency like bitcoin that is dominated by speculation the exchange rate is pretty much everything.