Goldman Sachs: BTC has already pumped 40% this year, but gold has a better risk-adjusted return than BTC.

BlockBeats news, on October 8th, Goldman Sachs analysis shows that BTC has pumped over 40% this year, outperforming major stock indices, fixed-income securities, gold, and oil. However, according to Goldman Sachs' data, although BTC has performed well, its fluctuation nature leads to a risk-adjusted return ratio of less than 10%, far below the industry-leading level of nearly 20% for gold. The low risk-adjusted return rate of BTC validates its high fluctuation nature, making it unsuitable as a safe-haven asset like gold. This is also the reason why traditional institutions tend to mitigate BTC price fluctuations through arbitrage strategies.