Bloomberg says Bitcoin shows higher volatility than S&P 500 but weaker returns

A recent Bloomberg report said Bitcoin and gold have shown a high correlation with the S&P 500 index, while posting volatility more than two to three times higher than equities and returns that remain only in line with the index’s beta. From a portfolio management perspective, the report said Bitcoin risks becoming a simple high-volatility proxy asset and could lose its historically outsized performance, raising the possibility that it turns into a dud asset, or an asset that delivers disappointing returns relative to expectations while carrying high risk and limited value.