U.Today – Although (BTC) is gaining attention among more and more people, qualified investors, institutions and even big names like BlackRock (NYSE:) or Franklin Templeton, its meaning and usefulness are still highly questioned by many like Peter Schiff or Warren Buffet.
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. Therefore, despite its growing popularity, Bitcoin is still widely considered a speculative asset or even a gamble.
Saylor disagrees
On the other hand, Michael Saylor, CEO of MicroStrategy and a well-known Bitcoin optimist, is fully convinced that the cryptocurrency is the perfect store of value and even “the money of the future.”
In a recent post on social media network X, Saylor decided to debunk the view that volatility is a flaw of Bitcoin. Saylor posted a chart showing how MicroStrategy’s MSTR stock skyrocketed by almost 1000% after the company adopted BTC four years ago.
The funny thing is that BTC itself is only up 408% during that time. To put that into perspective, the main US stock 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 view that Bitcoin’s volatility is a strength rather than a weakness. “Bitcoin’s volatility is a feature, not a flaw,” Saylor added, challenging the conventional view that volatility undermines the cryptocurrency’s value.
This article was originally published on U.Today
