Editor's PiCK
"Bitcoin (BTC) Becomes Quieter Than Gold... 30-Day Volatility at Lowest in 10 Years"
Summary
- Bitcoin's 30-day volatility is lower than gold and the S&P 500 index, which is considered a positive signal, according to Matthew Sigel.
- This decline in volatility signifies asset maturity and price stability, potentially encouraging the influx of institutional investors.
- However, some investors are concerned that excessively low volatility could lead to reduced profit opportunities.
Bitcoin (BTC)'s 30-day volatility has dropped to its lowest level in 10 years, recording a lower figure than gold.
According to the cryptocurrency specialist media Cryptopolitan on the 17th, Matthew Sigel, head of digital asset research at VanEck, stated, "Currently, Bitcoin's 30-day volatility is 28.70, which is lower than gold (33.49) and the S&P 500 index (40.45)."
He explained, "The decline in volatility is a positive signal indicating the maturity and price stability of the asset, which can encourage the influx of institutional investors."
However, some investors are concerned that if excessively low volatility persists, it could lead to capital outflows in pursuit of profit opportunities. The media added, "If the phase of sustained low volatility continues, investors may sell Bitcoin and related derivatives in search of profits and opportunities."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
