I guess it's partly true. So, the main issue of cryptocurrencies nowadays is that they can be either stable for a long period of time, or they can stay highly volatile for a long period of time. It's the main distinguishing trait of cryptocurrency in comparison with stocks, we can see that stocks change its price on particular laws of trend movement, while bitcoin, for example, do the same but with the much lower frequency and sharp jumps upwards and downwards, not smooth like stocks. Nowadays, cryptos are more stable than stocks, but I don't think it will be a very long-lasting trend, because all traders are familiar with cryptos.
It depends on the stock which you want to compare with bitcoin actually. There are some stocks which hold their position stable growing for more than a decade, but also, there are some stocks which are much more volatile than bitcoin, and the prices changing rapidly. So, if we talk about usual stocks which show growing for a particular period of time for example a month, then bitcoin is more stable than these stocks despite the fact that it can suddenly drop its prices. Nevertheless, this can be determined only by a thorough technical analysis or fundamental one if we talk about long-term intentions.
Bitcoin has beaten all the major asset classes hands down in 2022. The digital currency has had good momentum coming into the new year though... I agree with you, I also think so and this is just the beginning, we are on the verge of something new, now different directions are also developing, such as advertising services, paintings, music, related to the cryptoindustry
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