Maybe the volatility of cryptocurrencies is a feature, not a bug

Still, I remain haunted by the possibility that I’m missing something. A lot of talented people, many of them smarter than me, are working on crypto, eagerly seeking new ways to use it. It’s hard to rule out the possibility they’ll succeed. Besides, after a decade of doomsaying, the crypto market has resolutely refused to go away. Bitcoin might have lost much of its value over the past couple months, but it’s still worth $36,000 apiece, more than 300 times its price when I first expressed skepticism.