Goldman Sachs Has Ranked Bitcoin As The Best Performing Cryptocurrency Asset This Year. The Digital Currency Also Tops The World Investment Bank’s List As The Asset With The Highest Risk-Adjusted Return, Ahead Of Gold, Real Estate, The S&P 500, And The Nasdaq 100.

Goldman Sachs has ranked Bitcoin as the best-performing asset this year. The digital currency also tops the World Investment Bank’s list as the asset with the highest risk-adjusted return, ahead of gold, real estate, the S&P 500, and the Nasdaq 100.

Bitcoin Outpaces Other Investments on Goldman Chart Global investment bank Goldman Sachs has ranked Bitcoin as the year-to-date (YTD) best-performing asset.

The Documenting Bitcoin Twitter account tweeted earlier this week: Bitcoin is the world’s best-performing asset this year, according to the latest data from Goldman Sachs.

The tweet includes a chart of market performance by Goldman Sachs that shows the total return of the top 25 markets as well as the risk-adjusted return year-to-date.

Bitcoin tops the entire return list with 27%, followed by the MSCI Emerging Markets Index with 8%. Bitcoin also tops the Goldman Sachs risk-adjusted return list with a Sharpe ratio of 3.1.
Since the company published its chart, the price of Bitcoin has increased. At the time of writing, Bitcoin is trading at $23,130, up more than 39%.

Gold, which many people compare Bitcoin to as a store of value and hedge against inflation, ranked several notches lower than Bitcoin in total and risk-adjusted returns.

According to the Goldman Sachs chart, this metal has a total return of 6% from last year and a Sharpe ratio of 2. A higher Sharpe ratio indicates that the investment has yielded a higher return for a given level of risk.

However, Goldman Sachs said in December last year that gold is a better portfolio diversifier than bitcoin because it is unlikely to be affected by more arduous financial conditions. Additionally, the bank’s analysts believe that gold has developed non-speculative uses while Bitcoin is still catching up.

Goldman Sachs has been in the crypto space for several years. The company officially established a cryptocurrency trading desk in May 2021.

In January last year, the investment bank predicted that Bitcoin could reach $100,000 as the digital currency continues to take gold’s market share.

Last year, Goldman Sachs made its first OTC crypto transaction, offered its first bitcoin-backed loan, and launched a data service to help investors analyze crypto markets.