Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street

Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds, and gold as inflation stubbornly sticks around. What to know : Bitcoin may be entering a new phase of outperformance versus traditional assets after ending its longest-ever stretch of underperformance against the S&P500 in early May, according to investor Mark Connors. Connors argues that persistent inflation, structurally high oil prices and a “higher-for-longer” interest-rate environment are pressuring bonds and could favor bitcoin over both equities and fixed income. He says investors are shifting from gold to bitcoin and contends that advances in technology, particularly AI and blockchain, are key to countering inflationary pressures.