According to Odaily Planet Daily, as of May 11, Bitcoin's annual volatility was about 44.88%, which has dropped to lower than well-known technology stocks such as Tesla, Meta and Nvidia (whose annual volatility exceeds 50%), marking its gradual transformation into a more mature and stable asset class. According to a report by Fidelity Investments, Bitcoin's volatility is lower than 33 of the approximately 500 companies in the S&P 500 index, showing its stability.
In addition, the decline in Bitcoin's volatility indicates that investor sentiment is shifting in a positive direction, which may trigger a sharp rise in prices. With the approval of multiple Bitcoin spot ETF products in the United States, it is expected that major institutional investors will join in the coming months. Robert Mitchnick, head of digital assets at BlackRock, pointed out that sovereign wealth funds, pension funds, and endowment funds may see Bitcoin spot ETF transactions in the coming months.
Independent market analyst Scott Melker said: "It's important to remember that this takes time; these companies are just beginning their due diligence... A large influx of institutional funds will drive Bitcoin prices to all-time highs." Melker expects that due to the expected ETF inflows, Bitcoin prices are expected to rise to the range of $100,000 to $150,000 in the future.
