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JUST IN: What comes next after Bitcoin’s historic underperformance relative to stocks?
Although it has outperformed since the outbreak of the Iran Contra conflict, Bitcoin has lagged behind US stocks for nearly six months, its longest recorded underperformance relative to the S&P 500.
Analyst Mark Connors says Bitcoin’s prolonged slowdown and previous leverage reduction could pave the way for a recovery, though he maintains that the timing will largely depend on how geopolitical risks and energy markets evolve.