Investor Anthony Pompliano sought to assure Bitcoin hodlers that volatility is neither good nor bad.
Speaking on CNBC’s Squawk Box, Pompliano made the comment in response to host Joe Kernen’s question on whether Bitcoin volatility is beneficial. Kernen asked if investors want stability to the point $BTC is a useable asset, such as for payment purposes.
In summing up, Pompliano reframed Kernen’s question to demonstrate a misconception when measuring the leading cryptocurrency in dollar terms.
“One Bitcoin still equals one Bitcoin.”
There’s no denying Bitcoin is volatile
Answering Kernen’s question on the impact of volatility on useability, Pompliano was quick to mention that volatility is not inherently unwanted because liking it depends on the position held. And positions can and do change.
“Volatility is not good or bad, right? Basically, volatility is only bad when it goes against you, so if you long an asset and it goes down you don’t like volatility, if you long a
We współpracy z: https://cryptoslate.com/pomp-says-were-thinking-about-bitcoin-volatility-in-the-wrong-way/
