Bitcoin's price is as jumpy as Nvidia's and eight times more turbulent than the euro

Earlier this week, CoinDesk discussed how risk management in bitcoin is becoming increasingly popular, steadily reducing the the largest cryptocurrency’s volatility and making it more palatable to professional investors. That raises a question. How does its stability compare with major assets such as gold, its traditional rival, with the S&P 500, the biggest stock index, with the euro-dollar exchange rate, the most liquid fiat currency pair, and with Nvidia NVDA , the largest stock by market value? That comparison matters when deciding whether an asset can diversify a portfolio or increase portfolio volatility risk. It transpires there is still a long way to go before bitcoin can match the euro-dollar, gold and stock indexes in terms of stability.

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