Bitcoin Volatility Falls Below Nvidia as Investor Base Broadens, Bitwise Reports
Bitwise reports that Bitcoin’s volatility has fallen below that of Nvidia and is projected to remain lower through 2026 as the cryptocurrency's investor base matures. This trend is attributed to the growth of spot ETFs and greater access via traditional markets, which have expanded Bitcoin's investor base beyond retail participants, thereby derisking the asset and reducing sharp price fluctuations.
Bitcoin's price experienced a movement of about 68% from a low near $75,000 in April 2025 to an all-time high close to $126,000 in October 2025, whereas Nvidia's price swung roughly 120% during the same period, moving from about $94 to $207. Bitwise considers this calmer price action a structural shift rather than a temporary phase, noting the diminished influence of traditional crypto-cycle drivers.
Looking ahead, Bitwise anticipates deeper institutional involvement in 2026, with potential entrants including financial institutions such as Citigroup, Morgan Stanley, Wells Fargo, and Merrill Lynch. Supporting the notion of a maturing market, a K33 report indicates that approximately 1.6 million BTC, valued around $138 billion, re-entered circulation over the past two years, suggesting that selling by long-term holders may be near exhaustion, as 2024 and 2025 marked some of the largest years for supply reactivation.
