What Are the Best-Performing Assets in 2023?

What Are the Best-Performing Assets in 2023?

Despite the massive setbacks suffered by the crypto industry in 2022, banking giant Goldman Sachs (NYSE:GS) has ranked Bitcoin (BTC) as the world’s best-performing asset this year. According to the year-to-date asset return report by Goldman Sachs – a former vocal critic of Bitcoin, the maiden crypto has performed better than the likes of the S&P 500, gold, real estate, and Nasdaq 100 this year. Additinally, BTC outperforms the MSCI Emerging Markets Index, MSCI Developed Markets, Energy, Information Technology (IT), Finance, 10-Year US Treasuries, Healthcare, Utilities, materials, crude oil, consumer staples, and more.

Indeed, the top decentralized financial (DeFi) asset takes the top spot on this list, with a total return of over 27% and a risk-adjusted ratio of 3.1. We remind you that Goldman Sachs added Bitcoin to its returns report in early 2021, following years of crypto skepticism and bashing the maiden digital asset, leading to the introduction of crypto services for its high net-worth clients in the second quarter of 2022, citing increased demand.