There is no denying that bitcoin is volatile as an investment asset class, both on an absolute basis and when compared to traditional asset classes. In fact, from 2020 to 2024 (chosen to capture at the most recent four-year cycle in bitcoin), bitcoin has been three to nearly four times as volatile as various equity indices, as shown in the chart below. This is especially noteworthy as equity indices are typically considered the “riskiest” part of modern traditional portfolios due to their historical volatility. While bitcoin as an asset class is certainly more volatile than other major asset classes, it is ... (full story)