Bitcoin has pumped 40% from the beginning of the year to now, outperforming major stock indices.

Golden Finance reported that Goldman Sachs' chart shows that the soaring price of BTC does not compensate for the risk of price fluctuation. The relatively high risk-adjusted return of gold explains its safe-haven appeal. BTC has surged more than 40% this year, outperforming major stock indices, fixed income securities, gold, and even the oil pumped recently due to geopolitical tensions.

BTC-0.57%
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