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It is amazing to see how much more stable Bitcoin has become in comparison to all those tech stocks. Coinbase Stock is way more volatile than Bitcoin itself right now.

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by COINS NEWS 80 Views

It is amazing to see how much more stable Bitcoin has become in comparison to all those tech stocks. Coinbase Stock is way more volatile than Bitcoin itself right now.

One of the biggest arguments against Crypto has usually been its high amount of volatility, many investors of traditional markets have always been laughing at Crypto because they said it is way too unstable to ever be serious and surely we had that past but definitely not anymore. If you now look back, BTC has proven itself to be actually one of the least volatile assets last year at certain times and even now while pumping 40% over one month.

We can take tech stocks to comparison as META, SNAP, Netflix and many more that last year completely destroyed themselves and even Tesla had momentarily worse returns for last year than Bitcoin. Bitcoin ended last year in -64%. Here is a small list of stocks that did even worse:

  • TSLA -65%
  • META -64.2%
  • COIN (Coinbase) -82%
  • RIOT (biggets Bitcoin miner) -84%
  • MSTR (MicroStrategy) -74%

COIN (Coinbase) up nearly 180% over the year-to-date, BTC is up 40%

The last three of those are even Crypto stocks that many could have thought were a better bet than investing in Cryptocurrencies itself, they were not. Even now on the bounce back those assets are moving at roughly 2x the speed if BTC which many may say is good, but at the end it just shows the extended volatility those assets have.

More than the comparison to other stocks, this shows that Bitcoin and with that all of Crypto is maturing and many may now finally see it as less β€œriskyβ€œ which could increase the trust of making safer gains with Crypto than for example three years ago.

submitted by /u/partymsl
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