Here Is The One Commodity That Is More Volatile Than Bitcoin

There has been a lot talk lately – and especially after today’s latest crash – regarding how volatile Bitcoin is, and for good reason, Bitcoin’s 30 day realized volatility is a shade under 96% at 95.5%, which implies a daily move of 5.8%. By comparison, the S&P 500 has a volatility of 6.5% and an implied daily move of just 0.40%, while Bank of America – with a market cap of $302 billion similar to that of Bitcoin’s $306 billion (well, as of yesterday) – has a volatility of 21.5% and implied daily move of 1.35%. While there are probably penny stocks out there that either as volatile as or more volatile than Bitcoin, we will only be looking at liquidly traded investments.

This post was published at Zero Hedge on Dec 22, 2017.