By the end of this week, two days before the monthly March candle closes, Bitcoin is showing volatility, attempting to recoup the important price milestone at $67,000. After dropping more than 8.5% over the past two weeks, the asset is facing strong resistance with the price of Bitcoin currently fluctuating around $66,500.
Against the backdrop of $BTC stability, Michael Saylor is shifting investor focus to a new instrument — perpetual preferred shares under the ticker STRC, with the full name Stretch. In a recent post as Chairman of Strategy, he emphasized that while the market is turbulent, STRC acts as a safe haven.
Saylor's solution to Bitcoin market turmoil
Saylor’s key points center on record-low volatility. Over the past 30 days, STRC volatility has been just 2%, which, as shown in his infographic, is lower than any company in the S&P 500, as well as gold, bonds and Bitcoin itself.
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