Goldman Sachs shows that Bitcoin has surpassed all capital markets in 2021

The latest data from Goldman Sachs shows that Bitcoin has strengthened its position as a place to store value among many investors.

According to the bank’s 2021 payback chart, Bitcoin returns surpassed all capital markets last year, including the global S&P 500 and Nasdaq indices, and stocks such as FAAMG. Gold, a traditional means of saving value, has achieved a return of only 4% and is starting to look less and less interesting to investors.

Gold is losing its dominance as a storehouse of value as Bitcoin announces solid and stable returns in 2021.

Last year’s market volatility brought some unlikely winners in the crypto industry, with new meme coins taking the lead when it comes to profits that exceed, in some cases, several thousand percent. In the world of Flokis and Shibas, the modest yields of only about 60% of Bitcoin have almost knocked it out of the minds of most crypto investors.

However, shrinking and changing prospects show that Bitcoin is becoming increasingly popular among traditional investors, many of whom now see it as a means of storing value that has surpassed all capital markets.

Screenshot showing Goldman Sachs 2021. return result for reference and thematic capital baskets (Source: Twitter)

According to the Goldman Sachs 2021 return scorecard, Bitcoin posted yields in excess of 60% last year. This puts Bitcoin at the top of all capital markets, including reference and themed stock baskets. Global indices such as NAsdw, Russell 1000 and S&P 500 showed a yield of less than 30%.

Even baskets of securities like FAAMG have fallen far above Bitcoin, with a return of just 37% in 2021.

The biggest loser on the Goldman Sachs list, however, was gold. With a return on investment of 4%, it has bottomed out right next to 10-year treasury bonds. This is in line with the general market sentiment towards gold, where more and more investors are leaving the asset class as their main store of value.


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