Goldman Sachs, one of the largest and leading banks in the United States has recently shared a report for the best-performing assets. The report is for the assets that have delivered the best performance in the year 2023.
The banking firm has done this to give an idea of how the assets have been performing since the beginning of the New Year. Turns out, Bitcoin is the best-performing asset in the year 2023 so far.
Report Shared by Goldman Sachs
The report shows that Bitcoin has emerged as the top performer in the year 2023 so far. It has reportedly surpassed major trading segments such as S&P 500, gold, and NASDAQ 100.
It has even surpassed other major assets in the trading market, which is a great sign that the market for the asset has been growing larger with time.
Bitcoin’s Strong Performance
The report shows that Bitcoin has demonstrated a very strong performance since the start of 2023. Many assets tried to compete with the largest crypto but they were no match for its surge.
It reportedly outpaced all major assets that are considered to be the most profitable and fast-growing assets in the traditional markets.
Whether it was the precious metals, traditional assets, or other investment assets, they were no match for what Bitcoin had to deliver.
The report shows that whether it is the risk-adjusted returns or the year-to-date (YTD) analysis, Bitcoin has demonstrated a fine performance.
Performance Comparison with 2022
As the year 2022 began, Bitcoin found itself entering the year with the wrong footing. The asset price kept on declining and the asset did not perform well throughout the year.
Many thought that the asset would record high gains as the year 2022 would come to an end. Unfortunately, none of the predictions were working in favor of Bitcoin.
The trading price of Bitcoin kept on rising and it is still rising in the strong bullish territory. At the beginning of the New Year, the trading price of BTC was at a low of $16,500.
However, the scenario was going to change very soon as the trading price of the asset token kept on surging throughout the first month.
Then the asset hit a few bumps in the month of February but still managed to remain in the green zone. As for the ongoing month, the token has been flying high as it has become volatile.
At the time of writing, Bitcoin’s trading price is at $28,400, which shows that a 70% increase has been recorded in the asset’s price from January 1 until now.
The report shared by Goldman Sachs is a great indication that the trading price of BTC may continue rising in near future. As per the analysts, the trading price of BTC may hit $100,000 by the end of 2023.