Binance CEO says volatility ‘is not unique to crypto’: Data shows it’s Bitcoin’s jet fuel

Cointelegraph

Published May 09, 2021 06:09PM ET

Updated May 09, 2021 07:40PM ET

During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) "is probably less volatile" than the stock prices of Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA).

Zhao argued that crypto's volatility was not unlike the stock market, adding: that "volatility is everywhere" and that "it is not unique to crypto."

60-day historical volatility, BTC vs. stocks. Source: Cointelegraph
The 12 most volatile $200 billion market cap stocks. Source: Investing.com
12-month S&P 500 performance, 5-day chart. Source: TradingView
Bitcoin return and sharpe ratio vs. major assets and indexes. Source: Microstrategy (NASDAQ:MSTR)

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