Express

Microstrategy CEO Argues Bitcoin Is As Volatile As Traditional Assets

Emily Mason

Summary: Microstrategy CEO Michael Saylor emphasized in a tweet earlier on Tuesday that Bitcoin was less volatile than NASDAQ, Dow Jones, Russell 2000, 10 & 30 Year Treasuries, Gold, Silver, Apple, Amazon, Microsoft, Alphabet & Facebook & similar to S&P 500. He ended his message arguing that Bitcoin advocates can stop defending against claims that the asset ...

Microstrategy CEO Michael Saylor emphasized in a tweet earlier on Tuesday that Bitcoin was less volatile than NASDAQ, Dow Jones, Russell 2000, 10 & 30 Year Treasuries, Gold, Silver, Apple, Amazon, Microsoft, Alphabet & Facebook & similar to S&P 500.

He ended his message arguing that Bitcoin advocates can stop defending against claims that the asset is too volatile to be a worthwhile investment. Saylor's followers replied to the post with enthusiasm that Bitcoin seems to be decoupling from the US stock market which could help strengthen the argument that the cryptocurrency works as a safe haven asset.

By Emily Mason

Last Update:

Tags: ,,,
Link: Microstrategy CEO Argues Bitcoin Is As Volatile As Traditional Assets   [Copy]
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 3 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 4 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 14 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 16 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 17 days ago
  • You need to login to comment.