Bitcoin Outperforms as Volatility Falls

I view Bitcoin as increasingly attractive: with realized volatility falling, it is now delivering stronger risk-adjusted returns compared with many risky assets. I see clearer reward per unit of risk, which favors accumulation for investors with a medium- to long-term horizon.

My read is that lower volatility plus continued institutional interest and improving market structure have tightened bid-ask spreads and boosted Sharpe-like metrics for Bitcoin-focused strategies. Volatility-targeted and systematic approaches are also able to amplify returns when realized risk declines.

I remain cautious about macro shocks and liquidity events that could re-elevate volatility, so I prefer a scaled entry and explicit risk controls rather than full allocation in one tranche.