In what appears to be a stark reversal of the role, Bitcoin is now a less volatile money than the UK’s national currency.
- according to data From Bloomberg, the volatility of the British pound has increased against the US dollar over 30 days over the past month.
- Meanwhile, Bitcoin’s volatility has dropped significantly since June, and again since early October. This resulted in roughly equal volatility for every coin.
- Bitcoin fell as one of the best performing assets in the previous quarter – quite simply Remains Relatively unchanged while stocks and commodities continued to decline.
- The pound saw turbulent volatility in late September, dropping almost to parity with the US dollar. Meanwhile, the trading volume for the BTC/GBP trading pair throat – An emerging trend between Collapsed coins.
- Global bond markets are also showing increased volatility against Bitcoin, despite the former’s reputation for safety and reliability, and the latter’s reputation as a risky asset.
- In the case of the United Kingdom, the Bank of England now has is back To temporary quantitative easing to reduce bond market volatility, which almost caused a “Lehman moment” in September.
- Many central banks – including former Fed chairs Ben Bernanke He previously denied that bitcoin can be a form of money, in large part because it is so volatile.
- The Swedish Central Bank introduced a Similar arguments May: “Bitcoin price has a high degree of volatility and is therefore a relatively weak guard,” he explained via Twitter.
What is after bitcoin unstable? Check if the British Pound appears first on CryptoPotato.