Goldman Sachs said bitcoin has outperformed IT stocks, Nasdaq 100, S&P 500, gold, and many other investment instruments.
Highlights
- Bitcoin’s price has soared from $16,500 on January 1 to approximately $28,400 at the moment of writing these lines (a 70% increase) Goldman Sachs said bitcoin’s potential had outpaced that of traditional assets, precious metals, and other investments in terms of year-to-date (YTD) and risk-adjusted returns.
- BTC has outperformed IT stocks, Nasdaq 100, S&P 500, gold, and many other investment instruments.
- The rally caused some to believe that the bear market could be over and that BTC has entered into a new bull run.
- Former CTO Balaji Srinivasan wagered $2 million against Twitter user James Medlock that bitcoin will be worth $1 million in 90 days.
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