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Bitcoin volatility falls as it moves toward \'digital gold\' track

An analysis says Bitcoin has moved onto a track toward becoming “digital gold” as its volatility has declined over the past decade. Bitwise Chief Investment Officer Matt Hougan argued that comparing Bitcoin directly with gold is inappropriate because Bitcoin is only 17 years old and far smaller by market value. He said volatility tends to fall as a digital store of value matures, and cited lower Bitcoin volatility over time and greater institutional participation after U.S. spot Bitcoin ETFs launched.