Bitcoin's Volatility Continues to Decline Against Gold, Says Bloomberg Strategist

08/21 06:56

Bitcoin's volatility has decreased significantly in recent years, but it still remains higher than that of gold. Bloomberg's senior macro strategist, Mike McGlone, believes that Bitcoin's volatility has more room to decrease, making it less risky. However, this decline in volatility may also mean that Bitcoin is unlikely to experience sudden price jumps or reach all-time highs. Despite this, Bitcoin is gaining more adoption in traditional finance, with BlackRock's spot Bitcoin ETF filing being a recent example.

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