Bitcoin’s 1-year returns have dropped to 23.6%, underperforming compared to gold (69.7%), S&P 500 (33.9%), and Nasdaq (33.5%). This marks a shift in market dynamics, suggesting that the previous speculative phase for Bitcoin may be ending.
The compression of volatility indicates Bitcoin’s potential maturation, aligning itself more closely with traditional assets instead of acting as a high-risk speculation. This change could signal a more stable future for Bitcoin moving forward.
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