Bloomberg analyst: Bitcoin's annualized volatility ratio relative to gold has fallen to a historic low

BlockBeats News: On August 4th, Mike McGlone, Senior Commodity Strategist at Bloomberg Industry Research, posted on social media that as of August 1st, the annualized volatility ratio of Bitcoin to gold has dropped to a historic low of 2.2 times, a trend that may be more favorable for gold's performance. Since 2021, this highly hyped emerging cryptocurrency has achieved returns similar to gold, but its average risk is more than three times that of traditional hedging assets - which may be a concerning signal for digital assets.