Short-term volatility does not matter to passive, long-term investors.
Also, several mega-cap and high-beta S&P 500 stocks have frequently exhibited higher daily and 90-day realized volatility than Bitcoin.
That doesn't mean that BTC is a better investment (it is not) and it doesn't mean these stocks with high volatility are a terrible investment (they may or may not, but funds of good indices in very strong markets, are).
aurareturn•1h ago
Agreed. Volatility doesn't mean it's a bad investment.
The article should instead focus on how potentially overvalued SpaceX (and Tesla) is.
andsoitis•1h ago
Also, several mega-cap and high-beta S&P 500 stocks have frequently exhibited higher daily and 90-day realized volatility than Bitcoin.
That doesn't mean that BTC is a better investment (it is not) and it doesn't mean these stocks with high volatility are a terrible investment (they may or may not, but funds of good indices in very strong markets, are).
aurareturn•1h ago
The article should instead focus on how potentially overvalued SpaceX (and Tesla) is.