Bitcoin Is Getting Closer To Digital Gold! 📰
Bitwise CIO Matt Hougan says Bitcoin is on track to become digital #Gold as its volatility continues to decline. $BTC’s annualized volatility has fallen from 66% over the past decade to 44% over the past year. Lower volatility signs a maturing asset class, strengthening Bitcoin’s case as a long-term store of value rather than simply a high-risk speculative asset.
If this trend continues, Bitcoin could increasingly resemble gold in how investors view and allocate to it! 🤝
#BitWise #CryptoNews
Bitwise CIO Matt Hougan says Bitcoin is on track to become digital #Gold as its volatility continues to decline. $BTC’s annualized volatility has fallen from 66% over the past decade to 44% over the past year. Lower volatility signs a maturing asset class, strengthening Bitcoin’s case as a long-term store of value rather than simply a high-risk speculative asset.
If this trend continues, Bitcoin could increasingly resemble gold in how investors view and allocate to it! 🤝
#BitWise #CryptoNews
