Акции Nvidia становятся рискованнее, чем биткойн, в свете новых инвестиционных трендов Translation: Nvidia stocks turn riskier than Bitcoin amid new investment trends.

In 2025, the volatility of the leading cryptocurrency fell below that of tech giant Nvidia’s stocks, as noted by analysts at Bitwise.

Experts attribute this trend shift to a «fundamental decrease in the asset’s risks.» The introduction of spot ETFs and other conventional investment vehicles has led to an influx of new types of investors.

Bitwise believes that the volatility of digital gold has been steadily declining over the past decade and will remain lower than Nvidia’s metrics in 2026.

During 2025, the price variation of Bitcoin was 68%, fluctuating from a low of $75,000 in April to a historic high of $126,000 in early October.

Nvidia’s stock exhibited a larger amplitude of 120%, trading between $94 and $207. Since the beginning of the year, the chipmaker’s market capitalization surged by 27%, whereas the digital gold experienced an 8% correction.

The cryptocurrency market displayed a decoupling from the equity sector, as highlighted by Bitwise.

Experts anticipate that Bitcoin will surpass its historical price peak and suggest a break from the typical four-year cycle. According to the analysts, the influence of halving, interest rates, and speculative waves is diminishing.

Bitwise expects that major financial players like Citigroup, Morgan Stanley, Wells Fargo, and Merrill Lynch will join the industry, expediting the development of on-chain solutions and boosting capital influx into ETFs by 2026.

Growing interest is supported by figures, with U.S. spot Bitcoin fund inflows reaching $457.29 million on December 17, marking the highest result since November 11.

Specialists attributed the capital influx to the return of institutional investors, who are betting on a market resurgence.

An analyst known as IT Tech reported a significant reduction in Bitcoin holdings among long-term holders (LTH), describing the current sell-off as one of the largest in the last five years.

The specialist noted that such active sell-offs typically occur near market peaks. The current spot prices significantly exceed the selling price for this group of investors, indicating profit-taking among owners of «old» coins rather than capitulation.

IT Tech emphasized that these distribution spikes usually happen close to macroeconomic market peaks, characterizing the situation as a «late cycle distribution» with reduced risks, contrasting it with the accumulation phase.

The analyst advised market participants to adjust their risk management strategies.

The cryptocurrency market is seeing an increasing imbalance in supply between Bitcoin and Ethereum. This current situation echoes patterns observed when digital gold’s price surpassed $100,000, as stated by analyst Mignolet.

He remarked that buying activity is decreasing, with remaining liquidity merely circulating within the market rather than increasing. This results in stagnation: without an influx of fresh capital, correcting the imbalance is impossible.

The expert indicated that historically such distortions have only been corrected through price declines. This scenario has already played out following the breach of the $100,000 mark, and it is beginning to take shape again.

Mignolet believes that without new funds entering the market, a prolonged consolidation or short-term rebounds lie ahead. However, these movements are unlikely to alter the broader picture and will most likely culminate in further declines.

Lastly, the head of research at K33 Research, Vetle Lunde, stated that long-term Bitcoin holders have nearly completed their phase of active selling.