American Institute for Economic Research (AIER) Says Bitcoin Volatility Not As Suspected

Research Says Bitcoin Price Is Not As Volatile as Suspected

According to a recent study conducted by the American Institute for Economic Research (AIER) Bitcoin is one of the least volatile cryptos in the market. The study has also been analysing other virtual currencies that registered higher levels of volatility than BTC.

The research has been focused in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). The results show that Bitcoin is the least volatile of all of them. According to the AIER, they use the average daily percentage change in price and averaged them.

The AIER explained about it:

“We choose a relatively simple metric: the average daily percentage change in price. We average the absolute value of daily percentage returns for each cryptocurrency and year.”

Several individuals have been complaining that Bitcoin is too volatile to be used as a currency for daily payments. This research shows that it may not be as volatile as thought compared to other currencies but it is far from being a stable coin.

Some experts believe that the spikes that we see in the cryptocurrency market are related to holders that to not want to spend their currencies. As there is a limited amount of coins traded, it has a significant impact on the price.

In the future, Bitcoin can lose its position as the most important cryptocurrency in the market and other coins may take the place. Something similar to what happened to Litecoin in the past, that moved from the 2nd position to the 6th.

At the moment, Bitcoin has 41% of the total share of the market and is still the most important currency. Currently, it is being traded around $6,200 and has a market capitalization of $105 billion dollars.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,273FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today