Skeptics argue that Bitcoin is unfit to be considered even close to traditional asset classes.has once again climbed to $71,000, surpassing expectations set before the halving event.
This prompts a crucial question – How is Bitcoin being evaluated and understood in the broader financial landscape?, Director of Digital Assets at Ark Invest, in a recent conversation at the Bitcoin Investors Day in New York, weighed in on the ongoing debate. He emphasized that Bitcoin’s lack of yield generation, unlike bonds, is what poses a challenge in its evaluation. He said,
“If your inflation expectation is going from 3% a year to 6%, that’s a huge change and Bitcoin tracked that perfectly during COVID and post-COVID, with all the money creation.”Woodbull ChartsHowever, when examining the 1-year volatility chart of Bitcoin alongside other asset classes, a stark contrast emerges. Bitcoin’s volatility stands out at 46.95%, whereas gold, exhibits significantly lower volatility, of just 5.6%.
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