: Bitcoin originated with the white paper that was published in 2008 under the pseudonym Satoshi Nakamoto. Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. Based on the article posted along with this assignment, please answer the following questions in your own words: (1) Price volatility and scaling issues frequently raise concerns about the suitability of Bitcoin as a payment instrument. While scaling issues is a technical issue, can you please explain the reason for high Bitcoin volatility? (2) Based on the classification of financial assets from this class, how would you classify Bitcoin? Why?