Bitcoin volatility 44%… lower than Tesla and Palantir

Bitcoin’s annualized volatility over the 12 months to Sept. 30, 2026, came in at 44%, below Tesla’s 46% and Palantir’s 59%, according to a 21Shares digital-asset allocation analysis comparing U.S. trading-day price data. The report also found bitcoin’s three-year correlation with U.S. equities at 38%, real estate at 11% and gold at 4% for October 2023–September 2026, while U.S. and emerging-market equities were correlated at 65%. Bitcoin’s short-term correlation with gold rose from 44% in June to about 50% by late September, far above the three-year 4% reading. The findings matter because they challenge bitcoin’s reputation as a purely high-volatility, risk-on asset and suggest its relationships with traditional assets shift with the measurement window. Watch whether bitcoin’s volatility stays below major technology stocks and whether its short-term gold correlation continues climbing.