Goldman Sachs Finds Bitcoin Tops Gold, S&P 500, And Nasdaq As The Best-Performing Asset Of 2023

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Wall Street giant Goldman Sachs has reported that bitcoin has been the best-performing asset in the world during the first month of 2023—outperforming gold, the S&P 500 and the Nasdaq 100.

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Bitcoin topped the year-to-date chart with 27% of total returns and a risk-adjusted ratio of 3.1. Gold has seen a 5% rally, along with real estate, while the Nasdaq 100 and the S&P 500 added 3% and 2%, respectively.they expected gold to outperform bitcoin in the long term, finding gold is less likely to be influenced by tighter financial conditions and calling it"a useful portfolio diversifier.

Bitcoin has fallen sharply over the last year as the Federal Reserve hikes interest rates in an effort to drive down soaring inflation. The recent bitcoin price rally has been attributed at least in part to rising expectations the Fed is poised to pivot from its program of rate hikes. The latest inflation data showed prices dipped in the U.S. in December, the first fall since May 2020.

 

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Ponzi scheme?

It’s insured

Good now free world freedom

🙄are we really doing this again? Calling it an investment and talking about “outperformed”. How about the “investors” above 30k the last 2 years? Will see 8 before 60 again.

It's no surprise Bitcoin is dominating the markets. Smart investors know that $BTC is the way of the future! HODLing is the way to go!

Wow, another major win for BTC! This just shows that $crypto is here to stay and will continue to grow at an incredible rate. HODLing is the way to go! Bitcoin

Good to hear! The institutional demand for $BTC continues to build. Not only has it outdone major stock indices, but despite CryptoWinter, it's also proven itself to be a resilient asset. Hodl on!

Many would still say it's not a real asset.

The trick to Bitcoin is buying more as often as possible and self custody. Buy low, buy high but just BUY! You won’t regret it. Thanks to WadeORadio1 She knows her stuff when it comes to Bitcoin & other crypto. thanks for taken your time to educate us all in the space.

Let the Ponzi re-emerge!

At least they have classified bitcoin as asset.

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