Many long-time TDV readers and subscribers know about bitcoin. I began telling them it was important in 2011 at $3 and many have made millions because of it, even at its current level of $230 (after hitting a high of over $1,000 in late 2013).
But the biggest two reasons why people were hesitant to use or speculate in bitcoin were:
1. It is too hard to buy or use securely and
2. It is too volatile.
I am early on the inside of two absolutely earth-shaking breakthroughs on the problems of bitcoin being too hard to buy or use securely... and I'll soon be letting TDV subscribers in on these incredible innovations (and possible investments also!). But the problem of bitcoin being too volatile has become outdated.
I warned from 2011 until even recently that bitcoin is and will be volatile.
And it has been as this chart since its inception shows.
But bitcoin has now very solidly based in a narrow range since the beginning of this year.
In fact, in terms of total change bitcoin is not much different than most currencies and stock markets around the world (many of which have fallen 40% in the last year). In many ways it has outperformed most currencies and stock markets year-to-date and has traded, by bitcoin standards, in a tight range.
This is a big change!