The term ‘volatility’ in the world of Bitcoin can be interpreted as a fluctuation or price movement of Bitcoin. Since Bitcoin is not controlled by a company, a central bank or a particular institution, the price of Bitcoin is determined purely by supply and demand as well as gold. This means that when there are many people who buy Bitcoin, prices will go up. Conversely, if there are many people who sell, the price will go down. The price of Bitcoin keeps changing every second, following the level of market demand and supply.