Another thing to consider is that Tesla’s market capitalization is $633 billion, and it has yet to post a quarterly net income above $500 million.
The list above shows the top-12 and bottom-12 most volatile stocks to show how Tesla’s price swings are far off the average of other $200 billion market cap companies.
If you feel stressed out during every dip, you probably should not trade much, or at least change your trading strategy.
Whether an asset is more or less volatile doesn’t matter if, on average, one asset consistently posts higher gains than others.
Therefore, Zhao may have simply incorrectly stated that Bitcoin’s volatility is similar to the stock of trillion-dollar companies.