a famous bitcoin (BTC) advocate Anthony Pomplianobelieves that many people misjudge the volatility of BTC. He said this during a recent interview, adding that the misconception of BTC’s volatility is due to widespread dollar pressure.
pompliano, BTCbelieves that using the dollar to measure . He said this in response to a question from CNBC Squawk Box’s Joe Kernen.
Kernen to Pompliano BTC He asked if his investors wanted stability for BTC in applications such as payments. Pompliano said that the value of BTC should be measured against BTC. Explaining why using the dollar to measure the value of BTC is an erroneous formula, the famous name said:
“Dollaris also extremely volatile. We don’t think about it because all the goods and services around us are priced in dollars.”
He added that this method is less effective, after considering that the Federal Reserve has printed 40% of the dollar in circulation over the past 18 to 24 months. According to him, this rapid issuance means that the dollar has lost value at an incredible rate since the onset of the COVID pandemic.
According to a report, the Fed has printed 80% of the current dollar in the last 22 months. This information means that the dollar is losing its value faster than Pompliano had predicted.
BTC’s volatility is neither bad nor good
However, he admitted that BTC is quite volatile compared to the dollar. However BTC He claimed that the volatility in the market was neither good nor bad. According to him, people either like or dislike BTC’s volatility depending on their position.
“Volatility It’s not good or bad, is it? Basically, volatility is only bad when it’s against you, so if you hold an asset for a long time and it goes down you don’t like volatility, if you’re long on an asset and it goes up you like volatility.”