Bitcoin is volatile for several reasons:
- It is the world’s only market accessible to every person on the planet
- Compare this to the roughly 165 million people who trade the U.S. stock market
- It is the only true free market
- Unlike the U.S. stock market, there are no “circuit breakers” to trip if there is a large movement in either direction. If a stock moves too quickly up or down, trading of the stock is halted for 15 minutes. This doesn’t exist for Bitcoin
- It is accessible 24/7, 365 days a year
- The U.S. stock market trades 32.5 hours a week. Bitcoin trades 168 hours a week (all of the hours)
- Because of the above points, people around the world can react to events and news instantly, both selling and buying bitcoin at will
- Bitcoin has arguably become the global economic thermometer
- Bitcoin is the best measuring stick to measure currency debasement as the hardest and scarcest commodity
- Bitcoin is a disruptive technology in its growth phase, it is natural for it to experience volatility
- While Bitcoin is growing, its liquidity (amount of money traded daily) is still small compared to other major markets. This means it takes less money to move the market
NJ Bitcoin 
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