Crypto Duds vs. Nasdaq for Almost a Decade The rules of risk and portfolio management may classify Bitcoin and cryptos as duds for almost 10 years. My graphic features the Market Vector Digital Assets 100 index (MVDA) flatlined since 2017 vs. the Nasdaq-100 Index (NDX), despite MVDA averaging about 3x higher volatility. If MVDA provided diversification via negative correlation, it could have added some portfolio value, but positive correlation, much greater relative risk and flat performance for almost a decade is a risk-and portfolio-management loser. Will that change? My bias leans to unlikely. MVDA stopped beating NDX with the launch of Bitcoin futures in 2017 -- as cryptos went mainstream. The launch of US ETFs and President Donald Trump's pivot ahead of the 2024 election may mark as good as it gets for cryptos. MVDA is about two-thirds Bitcoin. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tlv2h8rkv2tf {BI COMD} #Bitcoin #stockmarket @BBGIntelligence