I don't think price volatility really effects bitcoin's use as a store of value. Store value is definitely a long term perspective. It certainly affects bitcoin's use, added as a medium of exchange. But as a store of value... you know if you are buying and investing in Bitcoin and using it as a store value then you have a long term perspective. Certainly more than a year. Volatility really is an expression of size.

I think there's a broad misunderstanding about how volatility is dealt with in capital markets and currency markets. The idea that regulators control volatility in a currency I think is an illusion.

Regulation doesn't control volatility. If anything, regulated markets that don't have enough flexibility and liquidity are more volatile. I would say the biggest contributor to volatility is the small size of a currency.

And you've got to understand that bitcoin is currently traded on a global basis unlike most other national currencies that have primarily domestic markets. And it's market cap is smaller than some national currencies. But bitcoin will become less volatile as it grows.

Bitcoin is what internet was in 1993. People were not so familiar with it, only minority was using it. And through the years, it became a part of our everyday life.

Value of bitcoin is enormous. It is already changing the way we trade , how fast and how secure we can do things online, how we do not need any third party while two or more people are making an exchange, full decentralisation.

I could write whole day about this. About all the technology that is behind bitcoin, when it all started....but I guess that's a bit too much for usual Joe ;)