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Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, observes that sentiment around bitcoin tends to be highly polarized, with investors often predicting it will either reach a million dollars or fall to zero.
He suggests that such extremes in opinion are unique among major asset classes.
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Carlson has recently tracked performance trends across major equity segments. In one note, he observed emerging markets leading year-to-date gains at 31%, with small caps and other groups also outpacing the S&P 500 while the Magnificent 7 declined 3% here. He also reported that the S&P 493 outperformed both the S&P 500 and the Magnificent 7 in 2024 here. These assessments reflect Carlson’s focus on shifts among leading asset classes.