Bitcoin's volatility has collapsed from 60% at the start of 2025 to about 30% — which could make the crypto asset more appealing to institutional investors once put off by its rollercoaster price swings, according to JPMorgan. "Expect that the allocations to bitcoin by institutional investors could match those of competing assets classes such as gold if there is convergence in volatilities," strategist Nikolaos Panigirtzoglou said in a note Thursday. "A significant convergence in volatilities between bitcoin and gold has been taking place over the past year" and is now "the lowest on record." A contributing factor has been the "intense withdrawal of bitcoins by corporate treasurers over the past year," Panigirtzoglou said, which "acted as a suppressor of volatility, as a rising share of bi

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