Goldman Sachs shows Bitcoin outperformed all capital markets in 2021

Share This Post

The latest data from Goldman Sachs shows that Bitcoin has cemented its position as the go-to store of value among many investors.

According to the bank’s 2021 return scorecard, Bitcoin’s returns last year outperformed all capital markets, including global indexes the S&P 500 and Nasdaq, and equities such as FAAMG. Gold, the traditional go-to store of value, posted returns of just 4% and is beginning to look less and less interesting to investors.

Gold is losing its dominance as a store of value as Bitcoin posted solid and stable returns in 2021

Last year’s market volatility yielded some unlikely winners in the crypto industry, with novel meme coins leading the way when it came to gains exceeding, in some cases, several thousand percent. In the world of Flokis and Shibas, Bitcoin’s modest returns of just around 60% had almost removed it from the minds of most crypto investors.

However, zooming out and changing perspectives shows that Bitcoin is becoming increasingly popular among traditional investors, many of whom now see it as a go-to store of value asset that has been outperforming all capital markets.

Screengrab showing the Goldman Sachs 2021 return scorecard for benchmark and thematic equity baskets (Source: Twitter)

According to the Goldman Sachs 2021 return scorecard, Bitcoin posted returns exceeding 60% last year. This has put Bitcoin on top of all capital markets, including both benchmark and thematic equity baskets. Global indexes such as NAsdw, the Russell 1000, and S&P 500 all showed returns of less than 30%.

Even high-value equity baskets such as FAAMG fell way beyond Bitcoin, with returns of just 37% in 2021.

The biggest loser on the Goldman Sachs scorecard, however, was gold. With a 4% return on investment, it ranked at the very bottom right next to 10-year Treasury bonds. This is in line with the general market sentiment toward gold, where more and more investors have been abandoning the asset class as their go-to store of value.

The post Goldman Sachs shows Bitcoin outperformed all capital markets in 2021 appeared first on CryptoSlate.

Read Entire Article

Related Posts

Understanding Notcoin: The Token Behind the Click-to-Mine Telegram Game

This week, the crypto community has been buzzing about a new token called notcoin (NOT), recently launched on The Open Network (TON) This token is tied to a game on Telegram where users earn NOT by

Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

Solana started a fresh increase above the $175 resistance SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance SOL price jumped higher and tested the $188 resistance

David Bailey, CEO of Bitcoin Inc., Reflects on His Company’s Transformational Pivot to Bitcoin and More

David Bailey, CEO of Bitcoin Inc, took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Bitcoincom’s COO, Jason Sheman The conversation delved into the lessons learned

XRP Price Rises Within Range: Poised for a Breakout?

XRP price avoided a major downside break as ETH’s surges The price is back above $05220 and eyeing a key upside break in the near term XRP started a decent increase above the $05150 resistance zone

Sei Foundation Unveils ‘Parallelized’ EVM In v2 Upgrade, Driving 11% Spike In SEI’s Price

To increase the capabilities of its Layer 1 (L1) blockchain, the Sei Foundation has announced a governance proposal to upgrade Sei to Version 2 This proposed upgrade will reportedly introduce a

NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis

New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco The settlement,
- Advertisement -spot_img