There is a misunderstanding.

Most people believe that the higher the market capitalization, the lower the volatility.

High market capitalization does not mean low volatility. Market capitalization depends on investors' assessment of its prospects, and volatility depends on the nature of the group of participants. The volatility of gold is low mainly because most of the trading needs are replaced by derivatives. The gold you invest in is not real gold, but just a number on your account.

Moreover, the people who buy gold are very conservative, young, and have no imagination. Where can the volatility go? They won't buy if the volatility is too high.

Although the market value of BTC is getting higher and higher, it is still very volatile because pricing still relies on spot prices rather than derivatives.

BTC speculators are also very young. They move in 800 directions a day, and their emotions are unstable. It is the same as playing when it goes to zero on the same day and 10 times on the same day. They don’t want it when the volatility is low.

Lying down is reserved for middle-aged and elderly people, but young people still have to rush. Having a 60-year-old mentality at the age of 20 is equivalent to losing 40 years of life, which is not worth it.