Bitwise CIO Matt Hougan says Bitcoin is maturing into digital gold

• —Bitcoin's annualized volatility fell from 66% over 10 years to 44% over the past year
• —BTC traded between $58,000 and $126,000 over the past year, sitting near $85,000 at publication
• —Nasdaq-100 volatility is in the mid-20% range; Hougan expects BTC to eventually fall below it
• —Hougan attributes lower volatility to growing participation, not fading interest