Matt Hougan, chief investment officer at Bitwise, argues in a Wall Street Journal op-ed that Bitcoin’s falling volatility proves its maturation into digital gold. The asset’s annualized volatility has dropped from 66% over the past decade to 44% over the past year. Bitcoin traded between $58,000 and $126,000 over the past year, hovering around $85,000 when the article was published. Hougan forecasts that Bitcoin’s volatility could soon fall below Nasdaq-100 levels, which sit in the mid-20% range, allowing institutional portfolios to justify larger allocations to the digital asset.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
