'If bitcoin rallies above 21,000, I'd be a buyer' -CIO

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STORY: In a notoriously volatile third quarter, bitcoin managed to hold its own against other major asset classes, with the exception of the U.S. dollar, research from crypto data firm CoinGecko showed.

"At this juncture, bitcoin has actually been quite a bit more stable than the equity markets or even the bond markets for several months," said Ball.

Over a pretty choppy few months, bitcoin remained stuck in the $18,000 to $22,000 trading range. Overall, that meant a decline of 1% in the third quarter, compared to a drop of 5% for the S&P 500, 4% for the Nasdaq and 7% loss in gold prices.

Bitcoin also outperformed the euro and British pound, as both of those currencies were dented by political drama and a rapidly strengthening dollar.