As of May 11, Bitcoin's annual volatility was around 44.88%, falling below that of well-known technology stocks such as Tesla, Meta, and Nvidia (whose annual volatility exceeds 50%), marking its gradual emergence as a more mature and stable asset class.
According to a report by Fidelity Investments, bitcoin's volatility has fallen below 33 of the roughly 500 companies in the S & P 500 index, indicating its stability.
In addition, the drop in volatility indicates a positive shift in investor sentiment and could trigger a significant price increase. Significant institutional investors are expected to join in the next few months as the US approves a number of Bitcoin spot ETF products. Robert Mitchnick, head of digital assets at BlackRock, noted that the coming months could see trading of Bitcoin spot ETFs by sovereign wealth funds, pension funds and endowments.
Institutional investors typically have strict risk management regulations, and low-volatility asset classes are more in line with their investment strategies.
Scott Melker, an independent market analyst, said: "It's important to remember that this will take time; these companies are just beginning to do their due diligence... The influx of institutional money will push the price of bitcoin to record highs." Melker expects bitcoin prices to rise to the $100,000 to $150,000 range in the future due to expected ETF inflows.
Bitcoin volatility is lower than Tesla, Nvidia stock, future price or break through 100,000 dollars
2024-05-12 00:39:19
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