A dead Bitcoin/crypto market? 2025 may have marked the ETF pile-on peak. The broad crypto market is approaching its sixth year in 2026 with just plain bad performance, especially risk adjusted vs. the Nasdaq. What of 2026 if stocks drop? The Bloomberg Galaxy Crypto Index trades at almost 3x the volatility as the Nasdaq-100 Index, yet is roughly unchanged since April 2021 vs. the Nasdaq's about 90% gain. Peak Bitcoin? Bubbles, Gold and the 2025 Crypto Market vs. 1929 Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t7b5i7kip3ly {BI COMD} #bitcoin #cryptos #gold #stockmarket @BBGIntelligence(Mike McGlone)