[Bitwise CIO: Bitcoin's Annualized Volatility Drops to 44%, Maturing into Digital Gold] According to a report by Jinse Finance on October 7, Crypto Briefing reported that Bitwise Chief Investment Officer Matt Hougan stated in a commentary article titled 'Bitcoin Is Right on Schedule,' published in *The Wall Street Journal* on October 5, that the decline in Bitcoin's volatility indicates it is gradually maturing into digital gold. Key data: Bitcoin's annualized volatility over the past decade was 66%, while over the past year, it has dropped to 44%. Hougan acknowledged that the current volatility remains relatively high, emphasizing that his argument points to the 'direction' rather than being 'fully realized.' He compared Bitcoin's volatility to the Nasdaq 100 Index's volatility of over 20%, suggesting that Bitcoin's volatility could potentially fall below that level, though this remains a prediction. He stated that the decline in volatility reflects increased participation rather than a waning of interest.