Michael Saylor argues the entry of big finance hasn’t made Bitcoin wilder. If anything, he says, swings are narrowing as the asset base and market structure deepen.

In a Fox Business spot this week, the MicroStrategy executive chairman said BTC $91 168 24h volatility: 1.7% Market cap: $1.82 T Vol. 24h: $83.29 B annualized volatility has dropped from ~80% when his firm began buying in 2020 to roughly the 50% area today, and he expects further incremental declines as the market scales.

That claim isn’t out of left field. Independent research has documented a multi-year downtrend in BTC’s realized volatility: Fidelity has shown long stretches where Bitcoin’s risk is comparable to a non-trivial slice of S&P 500 constituents, while iShares likewise ch

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