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>>Surprising Bitcoin volatility: gold experienced far more turbulence half a century ago than crypto does today.

Surprising Bitcoin volatility: gold experienced far more turbulence half a century ago than crypto does today.

crypthub

about 8 hours ago

Gold’s Historic Volatility

A Bloomberg analysis shows gold’s annual returns from 1972‑1981 were far more erratic than Bitcoin’s recent performance. After the U.S. left the gold standard, prices jumped from $35 to nearly $850 per ounce, creating volatility above 40% in some years. The data, originally compiled by Bitwise CIO Matt Hougan, was mistakenly presented as Bitcoin figures before clarification.

Store‑of‑Value Debate

The comparison challenges the view that crypto is uniquely unstable. Historians note that early gold also faced dramatic price discovery before becoming a safe haven. Proponents argue Bitcoin is in a similar maturation stage, and its speculative traits should fade as adoption grows.

Parallel Market Evolution

Both assets experienced limited adoption, regulatory uncertainty, and macro‑economic shocks that drove price swings. As institutions entered gold markets, volatility tapered; analysts expect a comparable trajectory for Bitcoin. Technological and environmental factors now add new variables absent from historic gold markets.

Investment Implications

Recognizing gold’s past turbulence suggests Bitcoin’s current swings may be temporary, not inherent. Advisors are urged to assess crypto within a broader historical context rather than as an unprecedented risk. Over time, clearer regulation and wider institutional use could stabilize prices and enhance diversification benefits.