U.Today – Although (BTC) is gaining increasing attention among individuals, qualified investors, institutions, and even gigantic companies like BlackRock (NYSE:) and Franklin Templeton, its significance and usefulness are still strongly questioned by many, such as Peter Schiff and Warren Buffet.
Critics deny Bitcoin’s claim to be a store of value and to be called Gold 2.0 due to its high volatility compared to established assets. So, despite its growing popularity, Bitcoin is still widely considered a speculative asset, or even gambling.
Saylor disagrees
On the other hand, Michael Saylor, CEO of MicroStrategy and a known Bitcoin bull, is fully convinced that the cryptocurrency is an ideal store of value and even the “money of the future.”
In a recent social media post, X set out to debunk the notion that volatility is a downside to Bitcoin. Saylor posted a chart showing how MSTR MicroStrategy shares skyrocketed by nearly 1,000% after the company adopted BTC four years ago.
Funnily enough, BTC itself is only up 408% in that time. By comparison, the main US stock index, the S&P 500, is up just 59% since August 2020.
The chart was accompanied by the statement, “Volatility is vitality,” underscoring Saylor’s perspective that Bitcoin’s volatility is a strength, not a weakness. “Bitcoin’s volatility is a feature, not a bug,” Saylor added, challenging the conventional wisdom that volatility undermines the cryptocurrency’s value.
