Can You Believe It? Bitcoin Looks Stable – Green, Even – as Big Tech Stocks Fall Apart

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Following a wild week in tech earnings, bitcoin looks stable in comparison with corporate superstars Meta and amazon. gckaloudis writes for Crypto Long & Short.

"An important feature of BTC and [ether] is that neither are ‘burdened’ with the risk of disappointing holders with lower-than-expected earnings per token."

Exactly. Maybe there is something to be said for more frequent earnings reporting from public companies in the name of smoothing out aggressive price movements. Pump out earnings data every 10 minutes? Second, it is interesting to see stocks, particularly Meta and Amazon, trade like the cryptocurrencies that Securities and Exchange Commission Chair Gary Gensler is hyperfocused on protecting consumers from. You know, the ones thatWhat is interesting about these stocks falling apart is that bitcoin looks stable by comparison. That’s also true if you zoom out a little more and look at the past month: Meta is down 23.5%, Amazon is down 13.3% yet bitcoin is up 6.8%.

That sentence was insane to write, so here it is again differently: Bitcoin looks stable in comparison with corporate superstars Meta and Amazon.

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