According to CoinMeta, Mike McGlone, a senior analyst at Bloomberg, pointed out that from the perspectives of risk and portfolio management, Bitcoin and other cryptocurrencies have not performed well over the past decade. The Digital Assets 100 Index has been largely stagnant since 2017, while during the same period, the Nasdaq 100 Index has continued to rise. The volatility of the Digital Assets 100 Index is approximately three times higher than that of the Nasdaq 100 Index, and it shows a positive correlation with the stock market, failing to provide effective risk diversification. (Source: Bloomberg)