BTC volatility approaching gold levels, says Bloomberg analyst

Bloomberg ETF analyst Eric Balchunas has observed that Bitcoin's (BTC) volatility and correlation are gradually converging to levels similar to gold. He noted that while this trend is significant, it is not receiving sufficient attention from the market. Balchunas explained that BlackRock's IBIT has maintained high returns relative to the U.S. stock market, even after the start of the war in Iran. He added that since its launch, the ETF's returns have been more than double those of the S&P 500 ETF (SPY).