Analyst claims Bitcoin's poor performance since 2021 may indicate severe conditions for risk assets

According to Deep Tide TechFlow, on May 17, Bloomberg analyst Mike McGlone stated on social media that Bitcoin has underperformed relative to gold since 2021, which may indicate that risk assets will face a more severe situation in the future. McGlone pointed out that this performance may only be a temporary pause in the U.S. wealth creation mechanism, which previously drove stock prices to excessive highs.