Has Bitcoin's volatility been surpassed by 'established tech stocks'? Data reveals a new market pattern!
In the market fluctuations of October 2024, the stock volatility of Tesla, AMD, and Nvidia surprisingly exceeded that of Bitcoin, with Tesla leading at a 24% volatility, followed by AMD at 16% and Nvidia at 12%, while Bitcoin appeared relatively mild at only 11%. This data has prompted a re-examination of traditional financial concepts: Bitcoin is no longer the 'king of volatility', but is gradually stabilizing.
From the perspective of daily maximum price fluctuations, Tesla's single-day increase reached +21.92%, while AMD's decrease hit -10.62%, all of which far exceeded Bitcoin's +5.11% to -3.95%. This phenomenon indicates that most tech stocks exhibit significant asymmetry in volatility, with declines typically surpassing increases, and Tesla is particularly notable, with its gains more than twice the largest decline.
Analysts point out that this change may stem from Bitcoin's maturation as an asset. Mike Ermolaev, founder of Outset PR, stated that the increasing number of stable holders and institutional investors in the market is making Bitcoin's performance resemble that of a low-risk asset. Furthermore, with the launch of Bitcoin ETFs, market confidence is continuously strengthening, further reducing its volatility.
Additionally, the interactivity between markets is also on the rise. Mike Cagney, CEO of Figure Markets, mentioned that the overlap between stock and cryptocurrency traders is increasing, prompting a gradual convergence in volatility between the two. Meanwhile, Alan Orwick, co-founder of Quai Network, believes that Bitcoin's stability may indicate its transition towards the role of a modern safe-haven asset.
The changes in volatility from traditional financial markets to emerging digital assets reflect the evolution of market structure. Dr. Tonya M. Evans from Penn State University emphasizes that as adoption rates continue to grow, Bitcoin is expected to follow the path of stability in traditional financial markets, welcoming new opportunities.
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