Binance CEO Richard Teng states that Bitcoin’s volatility is similar to most major asset classes. The recent drop in Bitcoin price was attributed to investors deleveraging and risk aversion, affecting all asset classes. Bitcoin is currently trading at $82,000, down 35% from its all-time high. Market consolidation is viewed as healthy.

Teng emphasizes that despite the decline, Bitcoin’s current price is more than double what it was in 2024. He believes that industry consolidation is beneficial and allows the market to stabilize. However, the claim that Bitcoin’s volatility is not higher than other major asset classes contradicts common beliefs.

Bitcoin’s volatility has been decreasing as adoption and liquidity increase. Historical data shows Bitcoin’s annualized volatility peaked at 181% in 2013 and dropped to 23% this year. Comparisons with the S&P 500 indicate that Bitcoin’s volatility surpassed the traditional market during periods of high volatility but has since decreased significantly.

Read more at Cointelegraph: Binance’s Teng Downplays BTC Volatility Amid Market Sell-Off