Bitcoin is Stable, and I Hate It

In perhaps the strongest sign that the market is maturing yet, Bitcoin has been less volatile than stocks for the past month.  While one month does not make a long term trend, it is an interesting development for the asset that is best known for its massive and sudden price swings.

This data came to us through eToro’s daily investment newsletter and was originally reported in Bitcoin Magazine. This comparison comes at a rare time of stability for bitcoin and an unusually volatile time in the stock market, so it should be taken with a grain of salt. Even still, both the author of the article, Michael Taiberg and eToro’s analyst Mati Greenspan see it as a positive development.

Tallberg sees it as a possible bottom to the bear market we have seen since the highs of late 2017. Meanwhile, Greensberg sees it as Bitcoin’s growth into a legitimate financial tool, suitable for hedging the traditional markets.

“The fact that the current stock market rout has not had any effect…