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    Home»Bitcoin»Bitcoin surpassed other markets in 2021
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    Bitcoin

    Bitcoin surpassed other markets in 2021

    AdministratorBy Administrator04.01.2022No Comments2 Mins Read
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    Analytical data from Goldman Sachs show that Bitcoin has strengthened its position as a store of value among many investors.

    Bitcoin’s profitability surpassed all capital markets last year, including the global S&P 500 and Nasdaq indices, as well as stocks such as FAAMG, according to the bank’s 2021 profitability scorecard. The traditional store of value, gold yielded only 4%, making it less and less interesting for investors.

    Market volatility in the past year has led to the emergence of fleeting leaders in the crypto industry: new meme coins have shown high profits, in some cases exceeding several thousand percent. In the world of Floki and Shiba, bitcoin’s modest profitability, reaching only 60%, temporarily displaced it into secondary positions for most crypto investors.

    However, thanks to such volatile results, Bitcoin is becoming increasingly popular among traditional investors, many of whom now view it as a value-preserving asset that outperforms all capital markets.

    Bitcoin surpassed other markets in 2021

    The biggest loser on Goldman Sachs’ scorecard was gold. With a return on investment of 4%, the metal took the lowest place next to 10-year Treasury bonds.

    The demand for gold as a store of value is intersubjective. I don’t know a single rich person in my generation who has at least some amount of this metal.

    My houses have no gold items, no jewelry. The GLD ETF has been in continuous redemption since it started printing money due to Covid.

    The demand for gold as store of value is inter-subjective

    I don’t know any wealthy ppl in my generation who own any gold

    Have no gold objects in my homes, no gold on my items, no jewelry

    GLD ETF has been in nonstop redemption mode since Covid money-printing started https://t.co/LwHBAdIyyS

    — Zhu Su 🔺 (@zhusu) January 3, 2022




    #Bitcoin #surpassed #markets

    Bitcoin Markets surpassed
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