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Bitcoin is more valuable than other assets such as the S&P 500, gold, and real estate.
According to Goldman Sachs, Bitcoin has returned over 27% in total.
Goldman Sachs’ assessment of asset returns for the year so far indicates that Bitcoin has been their best-performing asset. This comes after a disastrous year for the cryptocurrency market in 2022, when the leading cryptocurrency surged above some of the banking sector’s greatest assets.
The Goldman Sachs research highlighted the asset’s relative position in the market. The measures have also shown that Bitcoin is more valuable than other assets such as the S&P 500, gold, and real estate.
Outperforms Traditional Ones
Without a question, 2022 will go down in history as one of the worst years for the crypto space. Having problems with bankruptcy filings and falling pricing due to external economic and market forces. It seemed like “crypto winter” never ended that year.
Despite this, Bitcoin has been projected by Goldman Sachs to be 2023’s best-performing asset. A snapshot of the company’s year-to-date asset return report has been sent around, revealing the unfolding tale. The survey also reveals that digital asset has outperformed traditional ones, such as the MSCI, energy, IT, and even healthcare.
According to Goldman Sachs, Bitcoin is the best-performing asset, having returned over 27% in total. Together with a 3.1 risk-adjusted ratio in the available data. In contrast, the assets with the next greatest total return in the disclosed criteria lag significantly behind bitcoin, with MSCI coming in at just 8%.
Moreover, according to sources, Bitcoin was included in Goldman Sachs’ returns report in early 2021. This comes after Goldman Sachs, an early critic of digital assets, changed its tune. According to the same report, the second quarter of 2022 saw the introduction of crypto services in response to rising demand.
This article has been originally published at: https://thenewscrypto.com/bitcoin-best-performing-asset-year-to-date-as-per-goldman-sachs-report/?SNAPI