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Binance CEO CZ: Bitcoin is less volatile than stocks like Apple and Tesla

Published 05/03/2021, 08:11 AM
Updated 05/03/2021, 10:00 AM
Binance CEO CZ: Bitcoin is less volatile than stocks like Apple and Tesla

Binance CEO Changpeng Zhao has commented on the volatility of Bitcoin (BTC), stating that the largest crypto by market capitalization is probably less volatile than the stock prices of similarly-sized companies by market capitalization such as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA).

Data from Woobull shows Bitcoin’s 60-day volatility steadily declining since the start of 2021. However, figures from the investment research portal AlphaQuery show that Tesla and Apple stock prices still have significantly lower 60-day volatilities over the same period.

BTC 60-day Volatility, courtesy Woobull Charts

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Latest comments

finally he is no longer hiding behind Cyprus shell name
I like BTC, but there are a lot of people trying to push some narratives that don’t have a lot of evidence to go with them. It is still extremely volatile compared to most financial assets, even if that’s going down. No, it isn’t remotely close to replacing gold as a store of value. It’s a new, interesting tech. It’s ok to celebrate it for what it is without trying to legitamize it beyond the level of development it has attained.
Say a big lie enough times?
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