Bitcoin Volatility Ratio to Gold Don Hit Record Low
Bitcoin volatility ratio to gold don fall to 2.2 as for August 1, 2024, na im mark di lowest level wey e don ever reach. Since 2021, Bitcoin don give returns wey be like gold but e risk pass more than three times. Bloomberg strategist Mike McGlone talk say dis kain change dey happen as investors dey rethink di risk for digital asset. Di drop for di volatility ratio show say market dey mature, and gold dey give better stability and fit hold value well well now. Traders fit need change dia portfolio allocation, balance Bitcoin growth potential with di plenty volatility wey dey. To dey watch di trend for volatility ratio fit help manage risk and diversify between digital assets and traditional safe havens.
Neutral
Di historical drop wey Bitcoin volatility ratio get compared to gold, e mean say digital asset market dey mature well well, and dat one fit attract big investors wey dey find low risk, plus e fit support things wey go make price rise for long term. But gold get better stability, e fit make investors wey no like risk shift money comot for Bitcoin, this one fit bring downward pressure. Similar drops for volatility for 2015 and early 2020 come before times wey market settle plus the big price run, e show say steady growth fit happen instead of sharp moves. For short term, traders suppose expect say price go dey swing small-small; for long term, better volatility numbers fit help adoption grow small-small without big immediate price jump.