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Bitcoin volatility always becomes debatable for a long time ago. For, in the one side, Bitcoin's volatility is good enough for those who are doing investment or trading. They can earn money from the volatility, and utilizing volatility to get high profits is very worthy. We have found this several times.
On the other hand, if used as a currency, yes it is very risky and volatile because sometimes people want to get cash out from their selling something but the price has dropped after getting the payment
These are the pros and cons that will always happen.
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CEO of FTX claims that BTC is too volatile for future payments?
The launch of international cryptocurrency payments has been made possible thanks to a partnership between one of the major cryptocurrency exchanges in the world, FTX, and financial services giant Visa. The FTX website states that using the card to pay for goods and services is free. Furthermore, obtaining a debit card is cost-free.
According to Cointelegraph, FTX works with the more seasoned payment network as opposed to Lightning Network. This backs up Sam Bankman's claim that Fried does not consider Bitcoin to be a workable payment network, especially given that its price has been bouncing around the low $20,000 range. On the other hand, the statement caused the price of the FTX token, or FTT, to rise 7%, reaching a high of $26,462 on Friday, October 7.
Even if the first cryptocurrency (BTC) was created more than 10 years ago, adoption of cryptocurrencies and the growth of payment services are still in their infancy. Retailers are hesitant to employ scaling solutions like Lightning Network due to their fear of price volatility.
Is it so?
