MicroStrategy founder Michael Saylor is considered one of the vocal and enthusiastic supporters of the cryptocurrency. His words of support went into action last year too, with his company earning 114,042 BTC in a series of buying frenzies that began last August.

Since his holdings have almost doubled during this time, it makes sense for the CEO to continue to advocate the digital asset publicly. In a recent interview, Saylor complained that not many investors understand his affinity for the coin, although it may not be entirely bad for him. He said,

“In fact, I like the fact that people don’t understand, don’t agree, or are scared of it because I couldn’t afford to buy it if everyone was okay with me.”

Saylor continued

“I believe we have reached that tipping point for Bitcoin, where it’s big enough to be unstoppable. But it’s still new enough that there are 10,000 billionaires and maybe five in ten thousand get it.

One of these perceived risks is the asset’s price volatility, which has hurt Bitcoin’s image and credibility over the past decade. While Saylor agreed that Bitcoin’s first decade was marked by “a lot of volatility,” he argued that the past 90 days have seen it be lower than what has been recorded for traditionally “safer” investments like the Nasdaq, Russell 1000, 10, or 30 became -annual treasuries, swaps, big tech companies, silver and gold.

He added,

“My unscientific view is that every single day at least half of these assets are more volatile than Bitcoin, and on many volatile days I’ve seen 80 to 90 of them are more volatile than Bitcoin.”

That commitment is in some ways true, as the show host and Hedgeye CEO Keith McCullough pointed out. According to McCullough, Saylor’s “observations are an empirical fact.”

Source: Hedgeye / Youtube

As can be seen from the graph above, Apple’s implied volatility has approached 50 because “when something goes down, it starts to realize volatility”.

In fact, stocks of big tech companies like Apple, Amazon, and Netflix all fell due to the recent surge in government bond yields, leading to greater volatility.

Source: t3index.com

On the contrary, Bitcoin has risen sharply in recent weeks due to growing inflation fears and the highly anticipated ETF approval. Bitcoin’s volatility has seen a major correction since the market crash in May, as the expected 30-day implied volatility has dropped from nearly 160 to 95 during that time.

The billionaire went on to explain that as the U.S. government increases its money supply, people are looking for a store of value and are selecting many Apple stocks as cheap candidates. However, in his view, this predilection for big tech stems from misinformation and the skewed picture of BTC’s volatility.

While Saylor’s company continues to be the largest public holder of Bitcoin, the introduction of the ProShares ETF could have a big impact on its investors. Many claim that the ETF has potentially better exposure to Bitcoin than MicroStrategy, which basically acts as a proxy Bitcoin investment.

In any case, MTSR stocks have seen a surge in valuation in the past few days after BTC hit a new ATH due to the success of BITO.

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