Bitcoin’s volatility has been cut in half to 43%, down from 81% five years ago. With Grayscale putting out these numbers, it’s basically official: BTC has evolved from a casino chip into an S&P constituent. Institutional money has definitely tamed its wild side. A 10% daily move used to be just an appetizer; now even 3% counts as a big move. The old-timers’ dreams of huge gains are getting harder to realize, but the steady passive income from portfolio allocations is looking pretty good.

$BTC