Cryptocurrencies are a form of digital currency that is decentralized and uses cryptography. They are not backed by any government and have their values based on the market. There are many reasons why cryptocurrencies are so volatile. One of the main reasons is that there is no central bank to control the value of cryptocurrencies. This means that the price fluctuates depending on how many people buy or sell it at a given time, which can lead to dramatic changes in price in a short amount of time. Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an unknown person with the alias Satoshi Nakamoto. Bitcoins have been on a roller coaster ride since they were introduced to the public, starting at $0.0041 per BTC in January of 2009 and increasing to $1,150 per BTC in November of 2013 before crashing back. Just a few days ago, the price was approximately $50,000 per BTC, and today it is $40,000 per BTC.
Many people believe that cryptocurrencies will remain volatile but will eventually stabilize at a higher value, which is the opposite of what many “experts” believe. However, some “experts” say that it's possible for cryptocurrencies to become stable if they're regulated by a central bank or if there are enough regulations to reduce the volatility.