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Bitcoin's volatility is lower than Tesla and Nvidia stocks, future price may break through $100,000

Bitcoin's volatility is lower than Tesla and Nvidia stocks, future price may break through $100,000

Bitget2024/05/12 00:58

News on May 12, as of May 11, the annual volatility of Bitcoin is about 44.88%, which has dropped below well-known tech stocks such as Tesla, Meta and Nvidia (their annual volatility exceeds 50%), marking its gradual evolution into a more mature and stable asset class. According to a report by Fidelity Investments, Bitcoin's volatility is lower than that of 33 companies in the SP 500 index of approximately 500 companies, demonstrating its stability. In addition, the decline in Bitcoin's volatility indicates a shift in investor sentiment towards positivity, which may trigger significant price increases. With the U.S.'s approval of multiple Bitcoin spot ETF products, major institutional investors are expected to join in the coming months. Robert Mitchnick, head of BlackRock Digital Assets pointed out that sovereign wealth funds, pension funds and donation funds might engage in Bitcoin spot ETF trading over the next few months. Institutional investors usually have strict risk management regulations and low-volatility asset classes better align with their investment strategies. Independent market analyst Scott Melker said: "It's important to remember that this takes time; these companies are just beginning due diligence... A large influx of institutional money will push bitcoin prices to new historical highs." Melker predicts that due to anticipated ETF fund inflows, bitcoin prices could rise up to $100k-$150k range in future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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