Michael Saylor Defends Bitcoin: Is Volatility Its Greatest Strength?
Investing.com•4 months ago•
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Michael Saylor Defends Bitcoin: Is Volatility Its Greatest Strength?

Opinion
bitcoin
michaelsaylor
volatility
investing
cryptocurrency
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Summary:

  • Bitcoin faces skepticism as a store of value despite increasing institutional interest.

  • Michael Saylor defends Bitcoin's volatility, claiming it's a strength.

  • MicroStrategy's stock soared nearly 1,000% since adopting Bitcoin, compared to Bitcoin's 408% increase.

  • Saylor argues that "Volatility is vitality", positioning it as a positive attribute.

Although Bitcoin (BTC) is gaining traction among investors and institutions like BlackRock and Franklin Templeton, skepticism remains. Critics, including Peter Schiff and Warren Buffet, question Bitcoin's status as a reliable store of value, labeling it as highly volatile compared to traditional assets. This volatility leads many to view Bitcoin as merely a speculative asset.

Saylor's Bold Claim

In contrast, Michael Saylor, CEO of MicroStrategy and a staunch Bitcoin advocate, argues that Bitcoin is the ultimate store of value and "the money of the future." Recently, he took to social media platform X to challenge the notion that volatility is a flaw. He shared a chart illustrating that MicroStrategy's stock surged nearly 1,000% since adopting Bitcoin four years ago, while Bitcoin itself increased by 408% in that timeframe. In comparison, the S&P 500 index rose only 59%.

Saylor asserted, "Volatility is vitality," emphasizing that Bitcoin's fluctuations should be viewed as a feature, not a bug. He boldly stated that Bitcoin's volatility enhances its value rather than detracts from it.

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