Franklin

Bitcoin

BlackRock

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Although&nbsp;<a href="https://u.today/justin-sun-i-dont-control-bitcoin-wbtc" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is gaining attention among more and more people, qualified investors, institutions and even big ones like BlackRock 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.
<h2 dir="ltr" id="saylor-does-not-agree">Saylor does not agree</h2>
On the other hand,&nbsp;<a href="https://twitter.com/saylor/status/1822413505984627116?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1822413505984627116%7Ctwgr%5Eeeca0a1cc5c45d1c5f515e865eb462b4218fe677%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2Fsaylor%2Fstatus%2F1822413505984627116" rel="noopener noreferrer nofollow">Michael Saylor</a>, 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&nbsp;<a href="https://u.today/bitcoin-btc-forms-first-2024-death-cross-details" rel="noopener noreferrer nofollow">Bitcoin</a>. Saylor posted a chart showing how MicroStrategy's MSTR stock skyrocketed nearly 1,000% after the company adopted&nbsp;<a href="https://u.today/bitcoin-btc-prediction-for-august-10" rel="noopener noreferrer nofollow">BTC</a> four years ago.
<blockquote>
 Bitcoin's volatility is a feature, not a bug. <a href="https://t.co/VXhO8QEHg3" rel="noopener noreferrer nofollow">pic.twitter.com/VXhO8QEHg3</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1822413505984627116?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2024</a>
</blockquote>
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&amp;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.

Michael Saylor Breaks Silence on Key Flaw of Bitcoin

Table of Contents

U_Today

Other articles published on Aug 11, 2024

Top Crypto Gainers Today Aug 10 – Cronos, QuarkChain, Theta Fuel, Quant

James Fickel Faces Major Losses in Cryptocurrency Market

Tornado Cash Dev Alexey Pertsev Seeks Urgent Legal Funding

Parody Meme Coins in Focus: $ZYN, $TREMP, $BODEN, and $JEFF

XRP Attempts to Recover After Drop

African Union approves Continental AI Strategy to boost adoption and development

Join our free newsletter for daily crypto updates!