Strategist flags Bitcoin’s most ‘troubling sign’ to watch

Bitcoin’s (BTC) volatility relative to gold has plunged to an all-time low, raising red flags about the cryptocurrency’s future performance compared to the traditional safe-haven asset. As of August 1, Bitcoin’s 260-day annualized volatility stood at just 2.2 times that of gold, its lowest ratio on record, according to data shared by Bloomberg Intelligence senior strategist Mike McGlone on August 4. Since 2021, Bitcoin has typically averaged more than three times the volatility of gold while delivering similar returns, dynamic McGlone considers unsustainable source: https://finbold.com/strategist-flags-bitcoins-most-troubling-sign-to-watch/