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Bloomberg Analyst: Bitcoin's Annualized Volatility Ratio to Gold Hits Historic Low

Summary: Bloomberg industry analyst Mike McGlone stated on social media that as of August 1st, the annualized volatility ratio of Bitcoin to gold has dropped to a historic low of 2.2 times, a trend that may favor gold's performance. Despite garnering similar returns to gold since 2021, this highly speculative emerging cryptocurrency has a risk value ...

Bloomberg industry analyst Mike McGlone stated on social media that as of August 1st, the annualized volatility ratio of Bitcoin to gold has dropped to a historic low of 2.2 times, a trend that may favor gold's performance. Despite garnering similar returns to gold since 2021, this highly speculative emerging cryptocurrency has a risk value of over three times that of traditional safe-haven assets - a potentially unsettling signal for digital assets.

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