It has been 10 years since the white paper from someone named Satoshi Nakamoto announced a “cryptocurrency” called bitcoin (BTC). It has been traded, hacked, boomed, busted and confused people ever since.
It’s never been boring, but things may have changed.
According to Bloomberg, which likes to crunch numbers, bitcoin’s 30-day volatility has plunged to the lowest level since December 2016, not long before its last bull run in mid-2017.
“There haven’t been many regulatory breakthroughs to buoy prices or scandals to drag them down, but the silver lining for believers is that this may also point to less speculative trading,” Bloomberg opined. “For those keen to see whether steadier prices will spur greater bitcoin usage, a period of low volatility may provide the answer.” See Bloomberg’s chart here.