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

CryptocurrencyMay 03, 2021 10:00AM ET
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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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Binance CEO CZ: Bitcoin is less volatile than stocks like Apple and Tesla
 

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Comments (3)
browser Web
browser Web May 04, 2021 12:56AM ET
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finally he is no longer hiding behind Cyprus shell name
Zach Lohman
Zach Lohman May 04, 2021 12:35AM ET
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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.
Simon Racz
Simon Racz May 03, 2021 12:05PM ET
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Say a big lie enough times?
 
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