So from the statements he has made I can see that he was afraid of the volatility of Bitcoin. It’s normal with people who are just getting to know about Bitcoin, they will always be afraid of the volatility of the Bitcoin. And that third statement he made about bitcoin not being good as store of value because it can drop at any moment and the money invested will lose value, well he’s right.
But that’s not much of a problem, anyone that’s getting into cryptocurrency should know better, they should know that they have to be careful.
I can't get hold of the "bitcoin is too volatile" argument.
IS bitcoin volatile? are you (a generic "you") serious?
Look at TSLA.
TSLA is going to be added to the Standard&Poor's 500 index soon.
TSLA volatility is higher than bitcoin volatility, yet nobody gives a fuck about this.
Actually everyone says TSLA volatility is actually a success as they are celebrating the success of the company measured by the stock price. Stock price that could get there only because the share price is volatile!