What’s more volatile than bitcoin? You may be surprised
Bitcoin’s 20-day historical volatility is nearly as low as Apple
Day traders looking to make a quick buck buying and selling bitcoin might be better off switching lanes as volatility in the world’s largest digital currency continues to decline.
In fact, volatility in the No.1 virtual currency is now below some of the biggest and most popular stocks on Wall Street. According to data from Cboe Global Markets, the 20-day historical volatility, or HV, of bitcoin has fallen to 31.5%, below that of online retail giant Amazon.com (35%), AMZN, +0.07% tech-darling Netflix (52%) NFLX, -0.25% and Nvidia Corp, (40%) NVDA, -0.01% the chip producer that sells GPU cards to bitcoin miners. Furthermore, it’s creeping towards that of tech-behemoth Apple Inc. (29.3%) AAPL, -0.02% —one of the most popular stocks on Wall Street.