Goldman Sachs named Bitcoin the best asset this year
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Goldman Sachs rated Bitcoin as one of the most effective assets in 2023, despite the fact that the banking giant was previously a major critic of the first cryptocurrency.
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In the Goldman Sachs report, a comparative analysis of various assets was carried out. Since the beginning of the year, Bitcoin has outperformed the S&P 500, gold, real estate and the Nasdaq 100.
₿REAKING: #Bitcoin is the best performing participation in the world this year, citing latest data from Goldman Sachs pic.twitter.com/vh7f7UIloi
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 23, 2023
In addition, the first cryptocurrency overtook the index of developing markets, MSCI, developed markets MSCI, 10-year US Treasury bonds, as well as a number of sectors (energy, information technology, finance, healthcare, mass media, construction materials, oil, consumer goods, etc.). n.).
Read also: Goldman Sachs has launched a service for blockchain bonds and crypto-assets
BTC yield
The total profitability of bitcoin was 27% with a risk factor of 3.1. Other assets lag behind in this regard. For example, MSCI takes the second place in terms of total profitability of only 8%.
Since the beginning of the year, Bitcoin has grown by more than 40% and exceeded the level of $23,000. No other traditional asset has shown such rapid growth in the first month of 2023.
It is worth noting that Goldman Sachs is a former opponent of digital assets. The bank first added bitcoin to its income statement in early 2021. In the second quarter of 2022, the bank began to provide crypto services to its clients.
Author: 
Roman Myronchuk
Source: Ministry of Finance
Views: 9
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