Bitcoin Volatility Nears Gold Levels, IBIT Outperforms Stocks, Experts Say

Key points of the article:

Bitcoin's 60-day historical volatility is nearing the levels of gold

IBIT has maintained returns more than double that of SPY even after the outbreak of the Iran war

Eric Balchunas, Senior ETF Analyst at BlackRock, posted on his X on May 29 that the correlation between Bitcoin's volatility and gold is rapidly increasing. He described this trend as 'a positive change in the current turbulent market that has not been widely reported.'

According to the data presented by Mr. Balchunas, the 60-day historical volatility of IBIT since its inception has reached the levels of gold ETFs...