According to Goldman Sachs’ year-to-date return on assets report: Bitcoin is the best performing asset for 2023. The development follows what has been a terrifying year for the cryptocurrency sector in 2022, with the number 1 crypto surpassing some of the financial sector’s biggest assets.
The Goldman Sachs report results show the comparative status of the assets. Additionally, the metric revealed Bitcoin’s superiority over the S&P 500, gold, real estate, and even the Nasdaq 100.
Bitcoin Outperforms Goldman Sachs 2023 Wealth
2022 will undoubtedly be remembered as one of the worst years in the cryptocurrency industry. It was marred by bankruptcies and price plunges caused by macroeconomic and industry factors. This year has felt like a never-ending “crypto winter.”
Despite this, Goldman Sachs named Bitcoin as the best performing asset for 2023. A story in development came through a screenshot of the company’s year-to-date asset return report. Additionally, the report notes that digital assets far outnumber assets such as MSCI, energy, information technology (IT) and even healthcare.
Goldman Sachs reports that Bitcoin holds the top spot in total returns, maintaining over 27%. A risk-adjusted ratio of 3.1 accompanies the data. Conversely, trailing assets in the revealed metrics lag far behind cryptocurrencies, with MSCI having his second highest total return of just 8%.
fin bolt Goldman Sachs, a former detractor of digital assets, has reportedly added Bitcoin to its earnings reports in early 2021. According to the same report, it will introduce crypto services in the second quarter of 2022 following increased demand.