In recent months, Bitcoin's volatility has significantly decreased, sparking discussions about its transition to a safe-haven asset, similar to stocks.
Decreasing Bitcoin Volatility
Recent months have shown a significant reduction in Bitcoin's relative volatility compared to traditional assets like the S&P 500 index. This trend indicates that Bitcoin is becoming less of a risky asset than it once was.
Expert Analysis
Andre Dragosch, head of research at Bitwise, noted that Bitcoin is increasingly behaving like a traditional asset, transitioning towards the status of a safe-haven asset.
Criticism and Skepticism
Despite some positive perspectives from experts, critics, such as Canadian billionaire Frank Giustra, argue that Bitcoin has never traded like gold. Bloomberg analyst Mike McGlone previously stated that the $100,000 level could serve as a ceiling for Bitcoin.
The current trend of decreasing Bitcoin volatility may alter its perception among investors. However, opinions among experts and critics vary, highlighting the complexity of classifying Bitcoin as a safe asset.
