@BOMBERuss 11 April 2022 more from that month

#Bitcoin remains hyper-volatile, but its turnover is inferior to other assets, which does not allow us to talk about its high "speculativeness". This was stated by the co-founder of the analytical firm Fundstrat Tom Lee, writes Financial News. This is how the top manager reacted to the thesis that many investors are in no hurry to add digital assets. Skeptics cite the lack of regulatory certainty and the presence of a high degree of speculation in the market, although they show considerable interest, he added. Despite the definition of the "Wild West" attributed to the industry, the volatility of the MVIS CryptoCompare Digital Assets 100 Index, which tracks the top 100 largest crypto assets, does not exceed the index of any other index by more than twice. According to Lee's calculations, the turnover of bitcoins is 2:1, whereas the US dollar has 96:1, and a barrel of oil has 31:1. For the Fundstrat co-founder, bitcoin is like gold in the early days of his stock trading. The precious metal in the 1970s was also subject to strong price fluctuations until the market #capitalization reached $10 trillion five to six years later.