Critics deny Bitcoin the right to be a store of value and to be called Gold 2.0 due to its high volatility compared to traditional assets. Thus, despite its growing popularity, Bitcoin is still widely considered a speculative asset or even a gamble.
In a recent post on social network X he decided to debunk the opinion that volatility is a flaw of Bitcoin. Saylor posted a chart showing how MicroStrategy’s MSTR stock skyrocketed nearly 1,000% after the company adopted BTC four years ago.
What’s funny is that BTC itself only went up 408% during that time. To put that in perspective, the main U.S. stock market index, the S&P 500, has only gained 59% since August 2020.
The chart was accompanied by the statement “Volatility is vitality,” emphasizing Saylor’s perspective that Bitcoin’s volatility is a strength rather than a weakness. “Bitcoin’s volatility is a feature, not a bug,” Saylor added, challenging the conventional view that volatility undermines the cryptocurrency’s value.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
