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Study: Bitcoin Volatility Higher Than Gold, Not Yet Ready to Replace Traditional Safe-Haven Assets
Summary: According to Decrypt, recent academic research has explored the relationship between Bitcoin and gold as store of value assets. The study found that despite being dubbed 'digital gold,' Bitcoin currently lacks gold's historical track record, stability, and resilience in times of crisis. Bitcoin's volatility is much higher than gold, and its correlation with traditional assets ...
According to Decrypt, recent academic research has explored the relationship between Bitcoin and gold as store of value assets. The study found that despite being dubbed 'digital gold,' Bitcoin currently lacks gold's historical track record, stability, and resilience in times of crisis. Bitcoin's volatility is much higher than gold, and its correlation with traditional assets is unstable. However, as the Bitcoin market matures and volatility decreases, its role as a diversification tool in portfolios may strengthen.
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Link: Study: Bitcoin Volatility Higher Than Gold, Not Yet Ready to Replace Traditional Safe-Haven Assets [Copy]