[Bloomberg Analyst: Bitcoin and Other Cryptocurrencies Have Underperformed Over the Past Decade, Their Peak Moment Has Passed] Senior Bloomberg analyst Mike McGlone stated in an article that, from the perspective of risk and portfolio management, Bitcoin and other cryptocurrencies may be classified as underperforming assets over the past decade. The Market Vector Digital Assets 100 Index (MVDA, approximately two-thirds Bitcoin) has essentially been flat since 2017, while the Nasdaq 100 Index (NDX) has continued to rise during the same period. Despite MVDA's average volatility being about three times higher and its positive correlation with the stock market, it has failed to provide effective risk diversification, making its performance subpar from a risk and portfolio management standpoint.