Crypto Poised to Be Worst Performer in 2025, Says Mike McGlone — TradingView News
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, is convinced that cryptocurrencies will perform worse than every major asset class.
At the same time, McGlone is convinced that Bitcoin and Treasury bonds will emerge as the best-performing assets of the year.
Crypto’s underperformance
The prominent analyst has noted that the Bloomberg Galaxy Crypto Index (BGCI) is up 7% on a year-to-date basis, actually matching the gain in the S&P 500. This is despite a 7.5% decline recorded by the Bloomberg Dollar Index.
On a risk-adjusted basis, crypto is actually greatly underperforming the S&P 500. The former offers basically the same returns with four times the volatility of the flagship stock market index. This is viewed as a red…
