TechFlow News, May 24: According to a CoinDesk report, Mark Connors, Chief Investment Officer at Risk Dimensions and former Head of Global Portfolio Management at Credit Suisse, stated that Bitcoin’s previous underperformance relative to the S&P 500 Index—lasting 142 days—ended in early May, marking the longest such period on record. Bitcoin has now entered a new phase of outperformance.
Connors believes that persistent inflationary pressures, structurally high oil prices, and a “prolonged high-interest-rate” environment are weighing on bond markets, positioning Bitcoin to outperform both equities and fixed-income assets. He noted that technological breakthroughs represent the sole viable path for addressing inflationary pressures, with AI and blockchain increasingly serving as critical infrastructure for enterprises building decentralized systems and enabling automated transactions.
Regarding asset rotation, Connors likened the current environment to 2020: gold led initially amid the pandemic’s onset, followed by Bitcoin’s strong rebound. “Gold’s rally is over; Bitcoin’s resurgence is underway.”
