Bloomberg Analyst: Bitcoin Volatility Significantly Decreases, Now Nearing US Stock Levels

BlockBeats News, June 27th, Bloomberg Senior ETF Analyst Eric Balchunas posted on social media, stating, "Regarding Bitcoin's volatility, the chart shows the ratio of IBIT (Bitcoin Spot ETF) 60-day volatility to the S&P 500 Index (SPX). One year ago, IBIT's volatility was 5.7 times that of the SPX, and now it's just slightly higher than 1 (meaning its volatility is now almost on par with U.S. stocks)."