Goldman Sachs has reportedly ranked Bitcoin as the best-performing asset year to date, ahead of gold, the US Treasury, and the S&P 500.
There is some truth to this assessment, as Bitcoin has managed to outperformed several major financial institutions in the traditional market, while maintaining a risk-adjusted return of 3.1. Typically, the higher this ratio, the better the currrency, stock, or investment in terms of risk-adjusted returns.
On shorter timescales, Bitcoin continues its pursuit to reclaim lost ground. The flagship cryptp is slowly but surely attempting to break above the $23,800 resistance level. In search of bullish momentum, Bitcoin appears to be making a healthy pullback below the resistance line.
Notwithstanding recent crises in the crypto sector including the collapse of Terra and FTX, the market has nevertheless noticed a gradual return of investors and traders on various crypto exchanges as of late.
Meanwhile, interest in not just crypto but other technologies such as NFTs, the metaverse, and particularly AI continues to skyrocket especially with the recent introduction of ChatGPT.
 
Bitcoin Is The Best Performing Asset In The World According To Goldman Sachs
![](https://files.constantcontact.com/b44f1673801/67cdb43f-ca64-42e8-9b15-7188fbbc53b9.png)
![](https://cryptoweekly.co/img/CryptoWeekly-Logo.png.webp)
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
![](https://files.constantcontact.com/b44f1673801/007fb39e-64a1-44d1-97a3-6bb63fbe3ecc.jpg)
September 07,2024
Here Is How To Protect Yourself Against Crypto Hackers
![](https://files.constantcontact.com/b44f1673801/bcb9aa30-2af3-45c0-b0a6-695e0fe2811c.jpg)
September 06,2024
Telegram Users Can Now Report Illegal Content In Private Chats
![](https://files.constantcontact.com/b44f1673801/74acd2e6-5cca-423a-ac05-6c11afa3cb21.jpg)
September 06,2024
EigenLayer Will Redistribute 86 Million Tokens In Season 2 Airdrop
![](https://files.constantcontact.com/b44f1673801/b0ac91e4-071f-4ec7-8a19-00c9bbfe3050.jpg)
September 05,2024
Richard Teng Demands Tigran Gambaryan Be Released Immediately
![](https://files.constantcontact.com/b44f1673801/7f1d072f-aba9-438e-b837-dc87942c1fb8.jpg)
September 05,2024
Robinhood Being Forced To Pay Massive Fine For Previous Ban
![](https://files.constantcontact.com/b44f1673801/f804f702-8ce4-4eab-ad22-f68184cbd0d1.jpg)
September 04,2024
Hackers Promote Fraudulent Trump Family Project
![](https://files.constantcontact.com/b44f1673801/ef78b196-b83a-40f0-b7a5-6afc6d611299.jpg)
September 04,2024
John Deaton Challenges Elizabeth Warren After Clinching Republican US Senate Primary
![](https://files.constantcontact.com/b44f1673801/e7fa3941-2075-493f-977a-2d444234d2df.jpg)
September 03,2024
WazirX Hacker Moves Stolen Funds To Tornado Cash
![](https://files.constantcontact.com/b44f1673801/30e804d5-317b-4791-85a9-2789be796c1c.jpg)
September 03,2024
Here Is Why September Is A Crucial Month For Crypto
![](https://files.constantcontact.com/b44f1673801/f0400e30-e320-4f0c-9d1c-c88bed6ff723.jpg)
September 02,2024
A New Era For Cardano Begins As Chang Hard Fork Goes Live
![](https://files.constantcontact.com/b44f1673801/86254ea6-6147-4373-a42d-1952e8fa8803.jpg)
September 02,2024
BTC Miners Experience Worst Revenue Month Since September 2023
![](https://files.constantcontact.com/b44f1673801/1f8410b4-84a0-45f9-96cf-9873e5c22712.jpg)
September 02,2024