Holy ****! Bitcoin is all over the place. Gold, by comparison is almost a straight line. Not sure what bitcoin supporters are looking for. But if it’s a stable store of value currency they picked the wrong one. It’s got more volatility than the stock market, by a factor. Gold on the other hand is doing exactly what a stable store of value should be doing... next to nothing. As long as the fiat dollar continues to not explode, gold should remain more or less stable.
Exactly.
Two different speculator markets with different expectations for the commodity in question. If one approaches bitcoin expecting a stable commodity, then one has not done one’s research.
Good investor advice - know more about what you are buying than the guy selling it to you.