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Home Tech Crypto Bitcoin is less volatile than stocks like Apple and Tesla

Bitcoin is less volatile than stocks like Apple and Tesla

Document Analysis NLP IA

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positive
sentiment

Sentiment0.11146747396747
objective
redaction

Subjectivity0.42786942786943
it's an affirmation
Affirmation0.55681818181818

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Summary (IA Generated)

Binance CEO Changpeng marker”>Zhao has commented on the volatility of Bitcoin (bitcoin-price-index” rel=”noopener noreferrer”>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 and Tesla.

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.

bitcoin-price-index” rel=”noopener noreferrer”>BTC 60-day Volatility, courtesy Woobull Charts.

Speaking during an interview with Bloomberg TV on Monday, the Binance chief argued that crypto’s volatility was not unlike the situation in the stock market, adding: “Volatility is everywhere It is not unique to crypto.

”.

‘There’s always a large number of people having the herd mentality than the guys who actually do serious research.

For Zhao, yield chasers who are often not as committed to crypto projects as the actual true believers are often to blame for choppy price actions due to their large numbers.

“There’s always a large number of people having the herd mentality than the guys who actually do serious research.


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