The Bitcoin Standard author predicts Bitcoin will become less volatile and surpass gold's market cap

Saifedean Ammous, author of "The Bitcoin Standard," stated in a Tuesday X post that Bitcoin already functions as a medium of exchange and its volatility's effect is likely to diminish, potentially becoming less volatile than gold and surpassing its market capitalization. Ammous added that the lack of widespread payment use is not evidence against its monetization unfolding. This comment responds to Professor Lawrence H. White's argument in "Better Money: Gold, Fiat, or Bitcoin?" that Bitcoin's fixed supply makes it too volatile for a reliable medium of exchange.