Michael Saylor Breaks Silence on Key Flaw of Bitcoin By U.Today

U.Today - Although (BTC) is FXCM official websitegaining attention among more and more people, qualified investors, institutions and even big ones like BlackRock (NYSE:) or Franklin Templeton, its meaning and utility is still highly doubted 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. Thus, despite its growing popularity, Bitcoin is still widely considered a speculative asset or even a gamble.

Saylor does not agree

On the other hand, Michael Saylor, the CEO of MicroStrategy and a well-known Bitcoin bull, 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 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

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