BlockBeats News, November 19th, according to Cointelegraph, Strategy founder Michael Saylor is unconcerned about Wall Street’s entry into the Bitcoin market potentially affecting price and volatility.
During an interview on Tuesday, Michael Saylor stated: “I think that Bitcoin’s volatility has greatly decreased.” He mentioned that when he started buying Bitcoin for Strategy in 2020, the annualized volatility was around 80%. Since then, Bitcoin’s volatility has been trending down and is currently around 50%.
He mentioned that Bitcoin’s volatility may further decrease by about 5 percentage points every few years. As the asset matures, Bitcoin’s volatility will approach 1.5 times that of the S&P 500 index, while also “outperforming the S&P 500 by 1.5 times.”
