Analyst at CBOE: volatility of Bitcoin is lower than Amazon’s stock

As a rule, parents and friends most of us have absolutely no clue cryptocurrency. If they will now accuse you of thoughtless spending money on some bitcoins, you can say that you have no extra money to the asset class with much greater volatility. For example, for any kind of action.

Of course, historically, this argument is impossible to back up, but not so long ago analyst is one of the largest us exchanges CBOE revealed new information. More recently, the volatility of the BTC was lower than popular stock on wall Street. In addition, shares of Amazon, Netflix and the largest chip maker Nvidia.

In a commentary on MarketWatch senior lecturer at the Institute of the CBOE Options Kevin Davitt noted that the 20-day historical volatility (HV) of Bitcoin fell to 31.5 percent. We are talking about the rate of change of prices during the day.

For comparison, 20-day HV-figure Amazon is 35%, Nvidia – 40 percent, and Netflix is 52 percent, which is at least 1.5 times more. At this stage, the stability of Bitcoin comparable to the most expensive company in the world Apple. According to the report, AAPL stock, with a market capitalization of over a trillion dollars 20-day HV-figure fluctuates at the level of 29.3%.

Cryptocurrency market is “ripe”?

DeWitt suggested that the cryptocurrency market starts to Mature, and the drop in HV indicates “a structural shift” in the ecosystem. However, it is too early to talk about education “the new norm”.

Yet observe how this market is maturing. Only time will tell.

Note that at the end of this year planned a lot of big releases and launches. Very soon the ICE is launching a Bitcoin futures on its new platform Bakkt, the development of which was conducted in partnership with Microsoft, Starbucks and BCG. In addition, the planned high-profile launch of the Fidelity project, which will provide access to Bitcoin (BTC) and other cryptocurrencies with institutional investors.

Information prepared in CCN. More data look at cryptodata.

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