Bitwise CIO says Bitcoin is on track to become digital gold as volatility drops
Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin is maturing into digital gold as its annualized volatility fell to 44% over the past year, while the firm highlighted a regime change in market dynamics.
Bitcoin is "right on schedule" to evolve from a speculative concept into a mature asset and "digital gold," according to Bitwise Chief Investment Officer Matt Hougan. Hougan noted that by statistical measures, the cryptocurrency's annualized volatility dropped from 66% over the past decade to 44% over the past year, making it as volatile as Nvidia and less volatile than Tesla.[1][4]
The commentary follows an assessment from Bitwise that Bitcoin's third-quarter rally signaled a "regime change." The firm noted that the move broke a historical pattern in which rising prices coincided with falling implied volatility.[2][3]
According to Bitwise, the shifting dynamic indicates strengthening institutional demand for Bitcoin and could require market traders to adjust their trading strategies.[3]
Key facts
- Bitwise CIO Matt Hougan said Bitcoin is "right on schedule" to become "digital gold" and is evolving into a mature asset.
- Bitcoin's annualized volatility fell from 66% over the past 10 years to 44% over the past year.
- Hougan noted that Bitcoin's volatility is now comparable to Nvidia and lower than Tesla.
- Bitwise reported that Bitcoin's Q3 rally marked a "regime change" by breaking the pattern of rising prices coinciding with falling implied volatility.
- Bitwise stated the market shift suggests stronger institutional demand and may require traders to adapt their strategies.
Sources · 4 sources
- BC
Bitcoin.com News@BitcoinNewsPost on X ·
NEW: 🗞️ "Bitcoin is right on schedule," says Bitwise CIO Matt Hougan. Hougan cites #Bitcoin's annualized volatility falling from 66% (10yr) to 44% (1yr), as volatile as NVIDIA, less than Tesla. "It's evolving from a speculative idea to a mature asset." https://t.co/uam3u0rgK9
Open source - CO
Cointelegraph@CointelegraphPost on X ·
⚡️ LATEST: Bitwise says Bitcoin’s Q3 rally marked a “regime change,” breaking the pattern of rising prices coinciding with falling implied volatility. https://t.co/ghXQ00eb1J
Open source - CB
Crypto BriefingArticle ·
Bitwise says Bitcoin’s Q3 rally signals a regime change Bitcoin's Q3 rally suggests a shift in market dynamics, potentially requiring traders to adapt strategies and indicating stronger institutional demand. The post Bitwise says Bitcoin’s Q3 rally signals a regime change appeared first on Crypto Briefing .
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
BITWISE CIO MATT HOUGAN SAYS BITCOIN $BTC IS ON TRACK TO BECOME "DIGITAL GOLD" AS ANNUALIZED VOLATILITY FALLS FROM 66% OVER THE PAST DECADE TO 44% OVER THE PAST YEAR
Open source