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Re:Ethereum Price Climbs to $360; Crypto Market Cap Pierces $160B
on Tuesday August 29, 2017 @05:27PM (#15127742)
A currency which has gone from not existing 10 years ago to potentially being a world reserve currency is alway going to be ridiculously volatile as that transformation occurs.
Volatility is reducing however. As the scale increases and the exact role that a currency will end up playing in the world becomes clear, so does its market cap. Amazon or google will never rapidly grow 100x in a few years again, and whichever crypto becomes the world reserve will have the same reduction in volatility as it scales.