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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

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