Michael Saylor, chairman of Strategy, has once again emphasized the significance of the volatility of #Bitcoin , asserting that it is a direct result of its utility. 

According to Saylor, Bitcoin’s volatility is due to its liquidity and 24/7 availability. These characteristics make it more susceptible to sharp sell-offs during market panic.

However, Saylor reinforced that while Bitcoin may behave as a risk asset in the short term, its long-term value remains unaffected by these fluctuations.

Bitcoin’s Correlation with Traditional Markets

Saylor’s comments came in response to questions raised by Dave Portnoy, a prominent meme coin collector. Portnoy had questioned why Bitcoin appears to trade in tandem with the US stock market despite its aim to be independent of the US Dollar. 

He pointed out that Bitcoin’s price often mirrors movements in traditional markets, with the crypto rising when markets are up and falling when markets decline. Saylor responded:

“Doesn’t mean it’s correlated long-term—just means it’s always available.”

The Tariff Exemption Advantage

Saylor’s remarks on Bitcoin’s volatility came only a day after he reiterated the crypto’s advantage over tangible commodities like gold. He highlighted that Bitcoin is not subject to tariffs, a feature that sets it apart from other financial assets. This statement follows Donald Trump’s recent tariff impositions on imported goods. 

Trump’s tariffs, which he justified as reciprocal charges from other nations, have significantly impacted the financial market and physical commodities. However, Saylor pointed out that this tariff exemption strengthens Bitcoin’s position as a unique financial asset...
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