Bitcoin’s Validity in Finance

Although Bitcoin (BTC) is gaining attention, its utility remains doubted by figures like Peter Schiff and Warren Buffet, despite institutional interest from companies like BlackRock and Franklin Templeton.

Criticism of Bitcoin

Critics question Bitcoin’s status as a store of value and its comparison to gold, citing its volatility. This perception leads many to view Bitcoin as a speculative asset or gamble.

Saylor’s Defense

Michael Saylor, CEO of MicroStrategy and prominent Bitcoin advocate, believes Bitcoin is the future of money. He recently shared a chart comparing MicroStrategy’s MSTR stock increase of nearly 1,000% since adopting BTC to Bitcoin’s 408% rise in the same period, arguing that volatility signifies growth potential. He insists that Bitcoin’s volatility is an asset, stating, “Volatility is vitality” and asserting that it is a “feature, not a bug.”

Originally published on U.Today