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
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.
September 20,2024
Court Dismisses ConsenSys Lawsuit Against The US SEC
September 20,2024
Illegal Operations Lead To 47 German Crypto Exchanges Being Raided
September 19,2024
US Federal Reserve Finally Decides To Lower Interest Rates
September 19,2024
Donald Trump Makes History By Becoming First US President To Use BTC Publicly
September 18,2024
Worldcoin Officially Expands To Solana Via World IDs
September 18,2024
Best Content Creator Award Given To Allegedly Fraudulent Crypto Influencer
September 17,2024
Unregistered NFT Offering Costs Flyfish Club $750K
September 17,2024
USDC Issuer Called Out For Slow Response To Lazarus Group Fund Freeze
September 16,2024
Worldcoin Being Investigated By Singaporean Authorities For Potentially Violating Regulations
September 16,2024
Flappy Bird May Be Revived In Web3 Format Despite Original Creator Not Being Involved
September 16,2024
Web3 Fundraising Deals - 10th To 16th September, 2024
September 15,2024