CoinVoice has learned that Mike McGlone, senior commodity strategist at Bloomberg Intelligence, posted on the X platform that "cryptocurrency's risk-adjusted performance lags behind global stocks, possibly signaling that the current rapid rise in risk assets is nearing its end.
From the end of 2017 to December 30, the Bloomberg Galaxy Crypto Index (BGCI) increased by about 90%, but this gain is only comparable to the total market capitalization growth of global stocks; meanwhile, its annual volatility is about 7 times higher. This means that, despite taking on significantly higher risks, cryptocurrencies have not delivered corresponding excess returns."
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CoinVoice has learned that Mike McGlone, senior commodity strategist at Bloomberg Intelligence, posted on the X platform that "cryptocurrency's risk-adjusted performance lags behind global stocks, possibly signaling that the current rapid rise in risk assets is nearing its end.
From the end of 2017 to December 30, the Bloomberg Galaxy Crypto Index (BGCI) increased by about 90%, but this gain is only comparable to the total market capitalization growth of global stocks; meanwhile, its annual volatility is about 7 times higher. This means that, despite taking on significantly higher risks, cryptocurrencies have not delivered corresponding excess returns."