Despite increasing interest in Bitcoin (BTC) from major investors and institutions such as BlackRock and Franklin Templeton, its legitimacy as a store of value continues to face skepticism. Prominent critics, including Peter Schiff and Warren Buffet, argue that Bitcoin’s high volatility disqualifies it from being considered “Gold 2.0” or a stable asset, labeling it instead as a speculative gamble.
In contrast, Michael Saylor, CEO of MicroStrategy and a staunch Bitcoin advocate, strongly defends the cryptocurrency’s potential. In a recent post on X, Saylor sought to counter the criticism of Bitcoin’s volatility. He highlighted a chart demonstrating that MicroStrategy’s stock surged nearly 1,000% following its adoption of Bitcoin four years ago, compared to Bitcoin’s 408% increase during the same period. For context, the S&P 500, a major U.S. stock market index, has risen only 59% since August 2020.
Saylor’s post was accompanied by the phrase “Volatility is vitality,” asserting that Bitcoin’s fluctuations are a positive attribute rather than a detriment. “Bitcoin’s volatility is a feature, not a bug,” he declared, challenging the traditional view that such volatility undermines the cryptocurrency’s value.
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