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#1075 Dwarkesh Patel On Why The Future Will Be Wild

The Pomp Podcast

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The Volatility of the Bitcoin Price

The only volatility is how many dollars people are wiing to give you for it. It's the exchange price that's volatile. But i would argue it's not as if i had, let's say, ten dollars, and i wanted to go buy goods and services in 20 20,. And now i try to go by something, i can buy more goods and services with that one bit coin. The purchasing power of bitcoin appreciates overtime; the purchasing power of the dollar depreciates.

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