Bitcoin Volatility Plummets, Now Approaching U.S. Stock Levels
On June 27, Bloomberg Senior ETF Analyst Eric Balchunas said in a social media post, “Regarding Bitcoin’s volatility, the chart shows the ratio between the 60-day volatility of IBIT (the Bitcoin Spot ETF) and the S&P 500 (SPX). A year ago, IBIT was 5.7 times more volatile than the SPX, and now it’s almost only slightly above 1 (i.e., it’s already about as volatile as U.S. stocks).”