Just last Friday, one of the top investment firms revealed some promising data for the users of cryptocurrencies. The firm known as Van Eck provided some very useful data to prove how promising Bitcoin (BTC) has become.
The firm shared their recent research on a number of major stocks versus Bitcoin (BTC) before sharing their findings. The firm announced declared that over the past couple of years, Bitcoin (BTC) has become less volatile than many other stocks.
The firm compared the volatility of Bitcoin (BTC) with some of the major stocks that are there in the S&P500 Index. It stated that it is less volatile than between quarter and third of the stocks that are currently present in the S&P 500 index.
In a recent blog post, the investment firm talked about the image the traditional stocks have carried of the Bitcoin (BTC) cryptocurrency. The firm stated that the vast majority of capital as well as traditional stock markets have always considered Bitcoin (BTC) a volatile and a nascent asset.
The firm claimed that even after so much success and development, the traditional stock markets never considered Bitcoin (BTC) an asset that had the potential to gain mainstream recognition.
However, in the past couple of years, the Bitcoin (BTC) has surprised the entire world with its potential and growth. It has taken the entire world’s economy by a surprise and proven majority of economic analysts and experts wrong.
Now, Bitcoin (BTC) has become an asset that is less volatile than majority of the top stocks currently being trade in the stock index. Its price is becoming more stable with the passage of time and it is now competing with stocks from large companies.
The investment firm also revealed the volatility percentage of the stocks present in the S&P 500 index. The firm revealed that since the beginning of the year 29% of the stocks present in the S&P 500 index have experienced high volatility. This is how much of an increase the stocks from S&P 500 index have experienced in prices as compared to digital assets.