30 Jul '16, 5pm

Erik Voorhees: Bitcoin Has Achieved the Stability of a Large Cap Stock

According to Erik Voorhees, Bitcoin has become as stable as a large cap stock. The ShapeShift CEO pointed out Bitcoin’s rise in stability, and how that development silences one of the foremost criticisms of the cryptocurrency’s early stages, via Twitter: Bitcoin has achieved the stability of a large cap stock. This is immensely impressive and puts to rest one of the earliest criticisms. — Erik Voorhees (@ErikVoorhees) July 29, 2016 Bitcoin’s recent stability achievements Contrasting with its previously infamous volatility, Bitcoin has displayed significant signs of maturing. During the lead-up to the United Kingdom’s vote to exit the European Union, Bitcoin tracked gold as a hedge against economic uncertainty, solidifying its place as a more reliable option than the traditional financial system. Immediately after the Brexit vote the British pound’s volatility passed that o...

Full article: https://cointelegraph.com/news/erik-voorhees-bitcoin-has-...

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