I want to learn how you think.
Here's a look at Bitcoin's annualized volatility
(thanks to 21shares Dune analytics:)
This measures the standard deviation of Bitcoin's 1-year returns. Basically, it's showing how "volatile" Bitcoin is year after year.
The current trend is clear: volatility is decreasing. Bitcoin is becoming more "stable" -- in fiat terms -- over time.
This suggests that Bitcoin's 1-year returns (and losses) are shrinking. And by the looks of it, that seems to be true: Bitcoin has brought consistently less % gains in USD over a 1-year period.
The trend looks to be set in stone, but I like to think we're just flattening out before ascending a hyperbolic growth pattern against the USD (this implies hyperinflation of the dollar)
Credit to Wicked on Twitter:
If that's the case, we'd see annualized volatility start growing again at some point.