Summary
- A Bloomberg ETF analyst stated that the 60-day volatility of Bitcoin dropped to the level of the S&P 500 within a year.
- He mentioned that the current volatility of Bitcoin is almost on par with the US stock market.
- He added that if volatility continues to decrease along with institutional inflows, Bitcoin could be adopted as a mainstream currency.
An analysis has emerged noting a significant decline in Bitcoin's volatility.
On the 27th (local time), Bloomberg ETF analyst Eric Balchunas stated on X (formerly Twitter) that the 60-day volatility of BlackRock Bitcoin Spot ETF (IBIT) was 5.7 times that of the S&P 500 a year ago, but has now declined to just above 1x.
This means Bitcoin's current volatility is nearly on par with that of the US stock market.
Previously, he commented that as volatility gradually decreases and institutional funds flow in, Bitcoin could be adopted as a mainstream currency in a 'slow but steady rise' structure.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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