Introduction:

Fidelity, a big money manager, just released a report on cryptocurrencies. It talks about Bitcoin's stability and how it's becoming more like gold. The report suggests that Bitcoin might be getting more accepted by investors.

The Report's Findings:

In the past year, Bitcoin's ups and downs were not as wild as some big tech companies. But this doesn't mean Bitcoin is totally stable. It still jumps around a lot, especially when it's not staying the same for a while.

Comparison with Stocks:

Fidelity found that Bitcoin was less shaky than many big companies in the stock market. This means Bitcoin's swings were not as crazy as some of those companies. But there are still plenty of stocks that were calmer than Bitcoin.

Bitcoin and Gold:

The report says Bitcoin's bounciness today is similar to how gold behaved in its early years. Gold used to be all over the place, just like Bitcoin now. But as time went on, gold settled down. The report also talks about how Bitcoin's wild moves are becoming less wild over time, kind of like how gold chilled out after a while.

Conclusion:

Fidelity thinks that Bitcoin might be growing up. They say if the US approves some Bitcoin investment products, it could make people take Bitcoin more seriously. Overall, Fidelity's report suggests that Bitcoin is starting to look more like a grown-up investment option.