Goldman Sachs, the giants on Wall Street, started putting Bitcoin on the weekly rankings of global asset returns at the end of January. The world’s largest cryptocurrency beat everyone else to quietly appeared at the top of this chart.

Ever since Bitcoin miraculously accelerated by consistently setting new ATH levels in early 2021. Cryptocurrencies have outperformed assets from stocks to bonds, oil, banking, gold, and technology stocks on the Wall Street tycoon’s wealth hierarchy.

According to the latest Goldman Sachs report, as of March 4, Bitcoin’s annual return, at around 70%, is almost double that of its closest competitor, the energy sector, at around 35%. . Comparisons can be more lame for Bitcoin, as the recent US stock sale brought the Standard & Poor’s 500’s annual return to close to zero – unchanged for the year.

The rebound in oil prices and real output boosted annual returns in cyclical sectors like energy and finance. Crude oil and energy have a higher risk-adjusted rate of return (Sharpe rate) than Bitcoin for now.

Gold is the worst performing asset ever, as rising yields have affected traditional sectors such as consumer goods and utilities. Gold has lost about 10% of its capitalization during the year, leading some market observers to assume that Bitcoin is stealing market share from gold.

Bitcoin and gold, all roads lead to Rome. The way Bitcoin can catch up to its biggest counterpart is probably not far away. Every corner of Wall Street is gradually conquered by BTC. Goldman Sachs has restarted its crypto trading ambitions after a 3-year hiatus and believes that Bitcoin will soon reach $ 100,000.