Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028
Bitcoin's price volatility has dropped to a 563-day low, indicating its maturation as a global financial asset. It has reached a market capitalization of $1.87 trillion, making it the seventh-largest asset globally, surpassing Silver, Meta, and Saudi Aramco. Bitcoin exchange deposits have declined, suggesting reduced selling pressure and increased custody behavior among investors. Analysts note that this trend may precede price increases as supply decreases amid sustained institutional demand. BlackRock's Bitcoin ETF saw $970 million in inflows, marking significant investment interest. Predictions suggest Bitcoin could reach $1 million by 2028, driven by aggressive monetary policy and institutional interest. ARK Invest's CEO indicates the likelihood of Bitcoin exceeding $1.5 million by 2030 has increased due to its evolving risk-return profile for institutional investors.
