Over the past decade, measures of bitcoin volatility have tended to decline

Measurements of bitcoin volatility have trended lower over the past decade but remain higher than assets such as stocks or gold, with the gap between the 180-day real volatility measure for bitcoin and gold, for example, narrowing by more than 100 percentage points to 28 percentage points over that period.
Richard Galvin, co-founder of hedge fund DACM, says the increasing institutionalisation of bitcoin ownership will lead to less volatility over time, adding that products such as ETFs introduce a class of investors who are "more likely to make counter-cyclical purchases".