Volatility is Normal to CryptoCurrencies and Currencies alike

One analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may not yet be as stable as some, but price fluctuation, in and of itself, clearly does not invalidate something from being a store of value. While investors and speculators can argue about the quality of Bitcoin as a store of value, the market has de-facto dictated that it IS a store of value of some kind. Over time it may prove to be a much better store of value than any of us ever imagine.