Binance CEO Changpeng Zhao said that Bitcoin (BTC) has less volatility compared to Tesla and Apple stocks.
Speaking to the Financial Times, Zhao stated that Bitcoin is more stable than shares of companies like Tesla and Apple.
“If you look at the last two years, the stocks of tech firms against Bitcoin price are much more volatile. According to the data, Bitcoin is more stable than Apple and Tesla shares”
Tesla’s stock price has experienced significant fluctuations over the past few years. The stock, which stood at $90 at the beginning of 2020, reached a high of $1,243 in November 2021. It then dropped below $800. It is currently at the level of $ 930.
Apple’s share values, on the other hand, drew a more stable structure due to the fact that the company is more rooted. Apple shares rose steadily while many companies were in decline due to the COVID-19 pandemic. This January, the company hit ATH of $183 and is currently trading at around $160.
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