Jim Ferraioli: Bitcoin volatility gradually decreases to around 40% cycle by cycle

Jim Ferraioli, head of encryption research at Schwab, stated during the DACFP event that the annualized volatility of Bitcoin has decreased from 60 in the previous cycle and 80 in the previous cycle to around 40 currently. He mentioned that in the context of strong AI and US stock market trends, Bitcoin's performance is relatively 'calmer'. In addition, he revealed that about 20% of the spot Bitcoin ETF assets come from Schwab clients.