Gold's volatility has surpassed Bitcoin's for the first time since 2008, driven by market fluctuations and geopolitical tensions.
Gold's 30-day volatility has soared past 44%, marking its highest level since the 2008 financial crisis and surpassing Bitcoin's volatility of 39%, according to Bloomberg.
This shift in volatility is unusual, as gold is typically seen as a more stable investment compared to cryptocurrencies.
In the 17 years since digital currencies emerged, gold has only outstripped Bitcoin's volatility on two occasions, the last being in May 2025 during heightened trade tensions.
The recent spike in gold's volatility follows a significant price drop, with the metal plummeting by 10% on February 2 to around $4,400 per ounce, down from a peak of approximately $5,600 just a week earlier.
Factors such as geopolitical risks and uncertainty surrounding the Federal Reserve's policies contributed to gold's earlier rally this year, a trend that has not translated to Bitcoin.
Bitcoin is currently trading at a 10-month low, having lost over 40% since its peak in October, while gold has gained 75% in the past year, contrasting with Bitcoin's 18% decline.
Additionally, gold outperformed Bitcoin in returns over the last five years, as noted in January.
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