In an interview with Daniela Cambone, Bloomberg Intelligence Senior Analyst Mike McGlone states that excess volatility is oft-cited as a Bitcoin issue— which he calls a great misconception.

“We see it as normal for a potentially revolutionary asset on a trajectory to match gold’s risk measures by about 2024,” McGlone explains, adding this is also the timeframe for the next Bitcoin halving.

“Backward-looking volatility metrics fail to consider a primary component of Bitcoin’s future – fixed supply – that’s a volatility headwind, notably versus gold.”