Long

Galaxy

Bitcoin

April

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<ul>
 <li>Pomp analyzes Bitcoin volatility, highlighting historical patterns and market dynamics.</li>
 <li>Bitcoin’s roller-coaster ride: Breaks all-time high, faces swift 10% correction.</li>
 <li>Despite volatility, Bitcoin remains a top-performing asset with a robust risk-return profile.</li>
</ul>
<p>In a recent market update, prominent crypto investor Pomp shared insights on Bitcoin’s roller-coaster ride, emphasizing that historical volatility has been a net positive for the digital currency.</p>
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   <p lang="en" dir="ltr">History Shows Bitcoin's Volatility Is Net Positive<br><br>Bitcoin briefly broke the previous all-time high of $69,000 yesterday. The digital currency then proceeded to drop more than 10% shortly after. This type of volatility is unheard of in traditional financial markets, but it is… <a href="https://t.co/hkWXUJ8UNJ" rel="noopener noreferrer nofollow">pic.twitter.com/hkWXUJ8UNJ</a></p>— Pomp <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f32a.png" alt="🌪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@APompliano) <a href="https://twitter.com/APompliano/status/1765377362558955870?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2024</a>
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<p>Bitcoin’s recent surge saw it briefly surpass the previous <a href="https://cryptonewsland.com/bitcoin-soars-over-68000-teasing-previous-ath-of-69000/" target="_blank" rel="noopener noreferrer nofollow">all-time high of $69,000</a>, only to experience a swift 10% drop shortly after. While such volatility is unprecedented in traditional financial markets, it’s par for the course in the crypto world.</p>
<p><a href="https://twitter.com/intangiblecoins" target="_blank" rel="noopener noreferrer nofollow">Alex Thorn</a>, Head of Research at Galaxy Digital, pointed out the importance of recalling Bitcoin’s history. He noted that back in December 2020, Bitcoin touched its prior all-time high of around $20,000 twice, then underwent an 11.3% correction over 15 days before definitively breaking the all-time high.</p>
<p>Thorn further delved into an analysis of Bitcoin’s volatility during the last two bull markets. He highlighted that between the March 12, 2020 COVID-low and the April 14, 2021 all-time high, Bitcoin experienced 13 corrections of 10% or more. Similarly, during the 2017 bull market, there were thirteen 12%+ drawdowns between January 1, 2017, and December 17, 2017, when Bitcoin reached its all-time high of $19,891.</p>
<p>Despite Bitcoin’s known volatility, investors often see it as a net positive for long-term gains. Even as Bitcoin outgrows markets like the entire US high-yield bond market or the entire silver market, its volatility persists.</p>
<p>Pomp acknowledged the prevailing market craziness, with euphoria following the break of the all-time high quickly met by a 10% drawdown. He highlighted the rarity of holding an asset through such volatility and shared insights for those entering the market or experiencing uncertainty.</p>
<p>The silver lining amid the chaos is that Bitcoin continues to outshine other assets, boasting a 62% year-to-date performance and the highest Sharpe ratio at 2.1, according to insights from <a href="https://twitter.com/zerohedge" target="_blank" rel="noopener noreferrer nofollow">Zerohedge</a>. This reinforces the notion that <a href="https://cryptonewsland.com/robert-kiyosaki-bitcoins-next-stop-300000-by-2024/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin remains one of the best risk-return assets</a> available.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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</ul>
<p>The post <a href="https://cryptonewsland.com/renowned-crypto-investor-analyzes-bitcoins-volatility-and-trajectory/" rel="noopener noreferrer nofollow">Renowned Crypto Investor Analyzes Bitcoin’s Volatility and Trajectory</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Renowned Crypto Investor Analyzes Bitcoin’s Volatility and Trajectory

Crypto News Land

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