Relative Duds for About a Decade - Will That Change for Cryptos? The MarketVector Digital Assets 100 Index (MVDA) is unchanged vs. the Nasdaq-100 index since 2017, despite averaging over 2x the volatility. Double the risk, same performance is the definition of a dud, and both face Federal Reserve tightening. A year ago, futures were priced for three rate cuts in a year; now, they're priced for three hikes. MVDA is market-cap weighted, so is about two-thirds Bitcoin. The index's performance shows the rules of unlimited supply still prevail in price and performance. Don't fight the Fed with highly volatile, correlated and underperforming risk assets may resonate into year-end and 2027. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tnvd97kijh9e {BI COMD} #Bitcoin #cryptos #Stocks @BBGIntelligence