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Is Volatility a High Risk Thing?
I would get so frustrated with this idea that so many academics are saying, well, it's got all this historical volatility. So when I'm looking at Bitcoin in a similar light, people are looking at the price action. They're saying it's volatile, but they don't even understand the beginning of the fundamentals behind it. It's like, okay, what if it just replaces something? And that's the slide I want to get to here is that what we have here are two lines. The first line being just a, this is a conceptual idea here. We basically have the Stone Age and the Bronze Age. Well, which system is more volatile when you compare these two systems?