Bitcoin

Bitcoin looks less volatile than before

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Bitcoin: Most corporate CFOs not planning on purchasing bitcoin: Survey Description video: Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland discuss the 2021 Gartner Finance Cryptocurrency Poll.\nSubscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb\n\nAbout Yahoo Finance: \nAt Yahoo Finance, you get free […]

Bitcoin: Most corporate CFOs not planning on purchasing bitcoin: Survey

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Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland discuss the 2021 Gartner Finance Cryptocurrency Poll.\nSubscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb\n\nAbout Yahoo Finance: \nAt Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.\n\nAbout Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.\nTo learn more about Yahoo Finance Premium please visit: https://yhoo.it/33jXYBp\n\nConnect with Yahoo Finance:\nGet the latest news: https://yhoo.it/2fGu5Bb\nFind Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq\nFollow Yahoo Finance on Twitter: http://bit.ly/2LMgloP\nFollow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz\nFollow Cashay.com\nFollow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV

Bitcoin looks less volatile than before

Bitcoin’s success is not particularly great compared to stocks like Tesla, says crypto strategist.

Compared to major market indices that have surpassed record highs despite the economic fallout from Covid-19, Bitcoin looks «less volatile», than before. This is what Meltem Demirors (Meltem Demirors), Chief Strategy Officer, CoinShares, which invests in digital currencies.

«Everything else has become even more unstable», – Demirors said in an interview with CNBC on Monday.

Bitcoin looks less volatile than before

«As we know, volatility is a relative measure, she said. – Bitcoin is actually less volatile in the current environment than in the past».

To illustrate this point, the strategist compared the gains between bitcoin and shares in electric car maker Tesla..

Tesla shares that were added to the benchmark S index&The P 500 on Monday has skyrocketed over 676% this year. Meanwhile, Bitcoin is up about 220% at Tuesday’s prices, according to Coin Metrics..

«If we look at the astronomical rally in the stock market, the rally in bitcoin really won’t be that dramatic.», – stressed Demirors.

After a sharp downturn in early 2020, markets around the world have largely relied on the unprecedented monetary stimulus imposed by central banks around the world in an effort to save the economy..

In addition to changing investor perceptions of volatility, Demirors added that the bitcoin industry has matured and developed over the past two years..

Hedge fund managers Stanley Druckenmiller (Stanley Druckenmiller) and Paul Tudor Jones (Paul Tudor Jones) – Two well-known investors who have invested in bitcoin and bet on its potential to hedge inflation. Major investors new to cryptocurrency also appear to have contributed to the Bitcoin rally in the past few months, according to Chainalysis..

«It used to be a career risk to get access to bitcoins, now a career risk is not have access to bitcoins, – concluded Demirors. – The world has certainly changed a lot in the past nine months».