Goldman Sachs announced on the 9th that the asset with the best return this year is bitcoin.
Goldman Sachs, Wall Street’s leading investment bank, released a report that day, saying that Bitcoin’s return overwhelms other assets.
As of the 4th, Bitcoin surged 70% compared to the beginning of the year. This is twice the increase in crude oil.
Stock growth is at zero level. The Standard & Poor’s (S&P) index has grown at zero this year.
Rather, gold is recording a negative rate of return. Gold futures fell by about 10% this year.
Goldman Sachs interpreted that it was because cryptocurrencies such as bitcoin were recognized as’online gold’, and a large amount of money that would rush to the gold market due to inflation concerns flowed into the cryptocurrency market.
Goldman Sachs said that in a survey, 40% of customers said they own cryptocurrency.
Meanwhile, on this day, Bitcoin surpassed 54,000 dollars in the Asian market, and the market cap again exceeded 1 trillion dollars. Bitcoin’s previous high was $58,000, which was recorded on the 22nd of last month.
