Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset

Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset


Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user.

According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1. The Sharpe Ratio is used to measure market volatility-adjusted performance; the higher the ratio, the better the investment, currency, or stock in terms of risk-adjusted returns.

Bitcoin Takes The Lead In Broad Market Recovery

Trending: How America’s FBI Is Starting to Look An Awful Lot Like the KGB

On smaller timeframes, Bitcoin continues its quest to regain lost territory. Slowly but steadily, Bitcoin is attempting to break above the resistance level of $23,800. Bitcoin appears to have a healthy pullback below the resistance

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