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Crypto corner: Bitcoin less volatile than one in five S&P 500 stocks

 

Bitcoin (BITCOMP), although having a reputation for volatility, is less susceptible to wild valuation swings than over 100 S&P 500 stocks, according to investment manager VanEck. They compared bitcoin’s performance to S&P 500 stocks over the past 90 days and found it less volatile than the stocks of 112 companies. Expanding that to year-to-date and VanEck found it was less volatile than 145 stocks, placing it firmly in the middle of the pack of investments.

Bitcoin is routinely criticized as being too volatile for investing with many fund managers and other large institutions steering clear as a result. Commenting on a blog post on the company’s website VanEck said: “While bitcoin continues to be a volatile asset, it may surprise researchers and investors as to what other major assets have been more volatile than bitcoin.

“Much of the volatility over the past few years can be attributed to sensitivity to small total market size, regulatory hurdles and generally limited penetration in mainstream stock and capital markets.”

All data, figures & charts are valid as of 23/11/2020.

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