RATE Group | Report: Bitcoin is Less Volatile Than Amazon, Netflix, and Nvidia
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Report: Bitcoin is Less Volatile Than Amazon, Netflix, and Nvidia

23 Oct Report: Bitcoin is Less Volatile Than Amazon, Netflix, and Nvidia

Posted at 10:51h in Bitcoin News by

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Historically, cryptocurrencies like Bitcoin have been criticized for their volatility, a trait which is often cited as a hurdle for crypto adoption in terms of real-world usage and increased interest from institutional investors. But according to new data, the No. 1 digital currency by market cap is actually less volatile than some of the largest and most popular stocks on Wall Street.

Bitcoin’s HV Much Lower Than in Early-2018 

The data comes from CBOE Global Markets, which focused on the 20-day historical volatility (HV) of Bitcoin, a number which has fallen to 31.5% — comparable to the HV of Domino’s Pizza which sits at 36.2% (see complete chart on Market Watch).

This low HV is especially impressive when compared with the HV of major tech firms like online retail giant Amazon (35%), streaming service Netflix (52%), and computer chip manufacturer Nvidia Corp (40%).

Bitcoin has even crept to within a couple percentage points of tech giant Apple, which is sitting just below…

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