Bloomberg Analyst Mike McGlone Says Bitcoin Has Failed as a Portfolio Asset
- —MVDA, about 67% Bitcoin, has lagged the Nasdaq-100 since 2017
- —MVDA volatility is roughly three times that of the Nasdaq-100
- —Positive correlation with stocks undercuts crypto's diversification case
- —Spot ETF approval and Trump's crypto policy are already priced in
Why it matters: The critique of Bitcoin's risk-adjusted returns could reinforce institutional caution toward crypto allocations.
Source: Bitcoin Sistemi EN