TechFlow, August 22 - According to Bloomberg, Bytetree Asset Management analysts noted that Bitcoin's annualized volatility has dropped sharply from nearly 200% a decade ago to 38%, making its volatility profile comparable to blue-chip stocks such as Starbucks or Goldman Sachs. "Bitcoin was once the wild child of finance, but now shows signs of maturity, with its extreme volatility fading and forcing speculators to seek new playgrounds," the analyst said. As Wall Street buy-and-hold investors pour in, the world's largest cryptocurrency is behaving more like a traditional blue-chip stock, signaling a new phase of development for the crypto market.
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