Bloomberg Analyst: Crypto Assets Perform Poorly After Risk Adjustment, Possibly Signaling the End of the Current Rapid Risk Asset Rally Summary Bloomberg Intelligence strategist Mike McGlone pointed out that cryptocurrencies underperform global stocks after risk adjustment, which may indicate that the current risk asset rally is nearing its end. Although BGCI has risen about 90% since the end of 2017, its volatility is seven times higher than that of the stock market, without delivering excess returns. According to BlockBeats, on December 31, Bloomberg Intelligence senior commodities strategist Mike McGlone stated, "Cryptocurrencies, after risk adjustment, underperform global stocks, possibly sending a signal: the current rapid risk asset rally may be nearing its end. From the end of 2017 to December 30, the Bloomberg Galaxy Crypto Index (BGCI) has increased approximately 90%, but this gain is only comparable to the total market cap increase of global stocks; meanwhile, its annual volatility is about seven times higher. This means that, despite bearing significantly higher risks, crypto assets have not provided corresponding excess returns."#我的2026第一条帖