Bitcoin Price Becoming Less Volatile than Amazon Stock: CBOE Analyst

[Ozark]

The next time your nocoiner friends or relatives criticize your decision to allocate a (hopefully reasonable) percentage of your investments into bitcoin, you can tell them that you’ve chosen to put money the flagship cryptocurrency because you don’t have the stomach for more volatile asset classes — stocks, for instance.

Granted, that argument doesn’t have a strong historical track record, but, according to an educational analyst at the first U.S. derivatives exchange to list bitcoin futures, BTC has lately experienced less price volatility than some of Wall Street’s most popular stocks, including tech heavyweights like Amazon, Netflix, and chipmaking giant Nvidia.

Writing in commentary cited in MarketWatch, CBOE Options Institute senior instructor Kevin Davitt stated that bitcoin’s 20-day historical volatility (HV) — i.e., the rate of change in its daily price — has dropped to 31.5 percent. More here.