You are spot on!
The volatility is not only the problem when sending money to your dearest but also when running a business or purchasing something with bitcoins or any other cyprocurrency!
We all don't want to be the next pizza guys after making a purchase with a cryptocurrency, just like business don't want to take the gamble yet that the coins they received could be worth 10 to 20% less the next day!
I do expect that bitcoin always have some investment tag related to it, it think that it will become the new gold. While other cryptocurrencies will actually be used as payment! But that's my 2 cents!
I did wrote a post a month ago, that fiat money also is becoming more and more virtual (depending on the country where you do live). I rarely have cash at hand and most puchases are done with a debit card! I also use cash money when buying a bread or something like that or to pay for my beer :)
Probably my kids, will never use cash money anymore!
Great article!
The price of bitcoin is very volatile is because of the small market. I can see crypto reduce its volatility when we reach a much higher capitalization of the whole crypto. Today's market cap of $400B dollar is nothing in comparison to Stocks