Crypto analyst Yashu Gola wrote that bitcoin's annual volatility has fallen below that of well-known technology stocks such as Tesla, Meta, and Nvidia, marking its gradual emergence as a more mature and stable asset class.
According to a report by Fidelity Investments, bitcoin's volatility is already lower than 33 of the roughly 500 companies in the S & P 500 index, indicating its stability. In addition, the drop in bitcoin's volatility indicates a positive shift in investor sentiment that could trigger a significant price increase.
Significant institutional investors are expected to join in the coming months as the US approves multiple spot bitcoin trading products. These institutions typically have strict risk management regulations and the low-volatility asset class is more in line with their investment strategies.
Analysts point out that Bitcoin's steady growth could mean that it is gradually maturing and is expected to bring about a historic price surge. Bitcoin prices are expected to rise in the range of 100,000 to 150,000 dollars in the future.
Bitcoin volatility is lower than Tesla and Nvidia stocks, and the price may rise to more than $100,000
2024-05-11 17:52:21
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