BlockBeats News, December 31 — Senior Commodities Strategist at Bloomberg Intelligence Mike McGlone stated, “Cryptocurrency’s risk-adjusted performance has underperformed global stocks, possibly signaling that this rapid rise in risk assets may be nearing its end. From the end of 2017 to December 30, the Bloomberg Galaxy Crypto Index (BGCI) increased by approximately 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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