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Mike McGlone compares the long-term performance of Bitcoin and other cryptocurrencies to the Nasdaq-100 Index. He points out that the Market Vector Digital Assets 100 index has remained mostly flat since 2017, while the Nasdaq-100 has advanced over the same period. The analysis suggests that traditional equities have outperformed major crypto assets for almost a decade according to his portfolio management perspective.
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McGlone has previously highlighted commodity price shifts, comparing gold’s $5,600-an-ounce first-quarter peak to crude oil’s 2008 surge. He has also noted that central bank rate hikes following spiking energy prices could result in post-inflation deflation in metals. These observations add to his analysis of relative performance across asset classes.