⚡️🔎 DATA - Here's the #Bitcoin volatility curve since 2012.
At some point, the world is going to have to accept that Bitcoin is no longer the ultra-speculative, ultra-risky, ultra-volatile asset that 99% of people disparage for precisely these reasons!
Is this beta coefficient or something else?
Interesting graph and note. However, my conclusion is somewhat different. BTC was jumped on by the masses because it became a chance to get rich quick. Now that BTC's moves are not nearly what they once were, that lustr for speculators has gone.
When the next "tulips" opportunity comes along, those masses will take their money out of BTC and into the new thing. Surely such mass abandonment of BTC would mean a crash in price.
This wouldn't have happened if the masses treated BTC like the asset it was supposed to be: A decentralised currency, not a get rich quick scheme.
I kinda miss the volatility 😔
