|Oct 23, 2018 06:00 PM||By: John Patrick Mullin | 2966 Views|
It seems that the volatility of Bitcoin has finally, and only very recently, gotten down to levels making it more stable than the stocks for Amazon, Netflix, and Nvidia. It should reasonably be noted that these stocks have themselves fallen on hard times recently, but it is nonetheless a memorable first, as is being reported by Crypto Coin Junky.
CBOE Options Institute senior instructor Kevin Davitt recently noted that the 20-Day Historical Volatility (HV) for Bitcoin is falling to just 31.5 percent. While, Amazon stock is looking at a 20 day HV of 35%, Netflix of 52% and Nvidia at 40%. It isn't even far from Apple stock, which is at 29.3% HV.
Now, this doesn't precisely mean Bitcoin is quickly a safer investment than Amazon or anything. Again, I can't stress enough this is a very recent development and could be undone if the crypto world got earth-shattering news.
Nonetheless, it is an exciting first and could still point to the maturation of the market. As Davitt is quoted in the article:
“Perhaps we are witnessing the maturation of a market. It’s far too early to declare this the ‘new normal’ but the persistent range over the last few weeks may be hinting at a structural shift. Time will tell.”