Bitcoin's price is much more volatile than EUR/USD, USD/JPY foreign exchange, foreign currency pairs.
Bitcoin's volatility, price risk is even greater than USD/RUB or USD/TRY FX crosses.
Although Bitcoin is widely regarded as a cryptocurrency, it is officially designated by the Commodities Futures Trading Commission as a commodity.
Apparently, CFTC thinks that due to Bitcoin's high energy consumption, Bitcoin is similar to energy commodities.
In the foreseeable future I forecast Bitcoin's volatility or price risk to remain far above that of EUR/USD, USD/JPY and USD/GBP.
In 5 years', time with the entry of even more hedge funds, asset managers and pension funds into the cryptocurrency space I expect Bitcoin's risk to be much less than the foreign exchange USD/RUB or USD/TRY FX pairs.
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