BlockBeats News, August 22, Bytetree Asset Management analysts pointed out that the annualized volatility of Bitcoin has significantly decreased from nearly 200% a decade ago to 38%, making its volatility characteristics comparable to blue-chip stocks like Starbucks or Goldman Sachs. The analyst stated, 'Bitcoin was once the rebellious child of the financial world, but now it shows signs of maturity, as its extreme volatility gradually fades, forcing speculators to seek new playgrounds.'
With the influx of buy-and-hold investors from Wall Street, the behavior of the largest cryptocurrency in the world is increasingly resembling that of traditional blue-chip stocks, marking a new phase of development in the cryptocurrency market. (Bloomberg)
