Economy and financial experts always like to bring up the volatility argument against the adoption of cryptocurrencies, especially Bitcoin.
Nearly every time a person previously involved in traditional financial markets gets asked about their opinion of Bitcoin, their immediate answer is that it’s not stable enough to be a viable investment.
In some sense, they are indeed saying the truth, Bitcoin is extremely volatile, which is why it’s so attractive to beginners and veteran traders. Most don’t have to wait for months or years for them to see significant returns from the investment, as the markets tend to move quite often and quite radically.
But in terms of 2008 and 2019, the Bitcoin volatility has been slightly on the low end, meaning that there were no serious spikes to speak of, besides that one point where the crypto reached around $14,000 but corrected shortly thereafter.
In this article, I’d like to showcase several fiat currency pairs that were either as volatile as Bitcoin, slightly less volatile, or even more volatile in 2019.
There are quite a lot of them, but let’s focus on the more “popular” currencies if we can.
The British Pound
The GBP has been quite volatile ever since their decision about Brexit was announced. And by volatility, I mean that the currency has been going downhill, only resurging a little bit once the government was having trouble making decisions whether or not the decision should actually go through.
Even today, the UK parliament is struggling to make a definitive decision on how the UK will exit the European Union, and whether they will exit or not. What we know is that the EU is tired of postponing this decision,