Binance CEO Changpeng Zhao Evaluated Bitcoin

Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) has less volatility compared to Tesla and Apple stocks.

Binance CEO Changpeng Zhao evaluated Bitcoin. CZ made evaluations about Bitcoin's volatility, which is one of the most criticized points. Emphasizing that the leading cryptocurrency is more stable than the shares of companies such as Tesla and Apple, Zhao said, “If you look at the last two years, the stocks of technology companies are much more volatile against the price of Bitcoin. According to the data, Bitcoin is more stable than Apple and Tesla shares.” Speaking to the international British business newspaper Financial Times, Zhao pointed out that Tesla's stock price has experienced significant fluctuations in the last few years. Tesla shares, which stood at $ 90 in early 2020, reached a high of $ 1243 in November 2021. However, after this rise, it declined below $800. Stocks of Tesla are currently at $930. Apple's share values, on the other hand, showed a more stable performance due to being much more established. While many companies fell during the epidemic, Apple shares rose steadily. Earlier this year, the company reached ATH of $183 and is currently trading at around $160.