Goldman Sachs analysts named bitcoin the most promising asset in 2023

According to Forbes, analysts from Goldman Sachs, one of the largest investment companies in the US and the world, agreed that the flagship cryptocurrency is the most promising asset this year. According to Goldman Sachs, bitcoin has outperformed the S&P 500, gold, real estate, and the Nasdaq 100 in terms of profitability.

According to Matthew McDermott, Head of Digital Assets at Goldman, the FTX crash has increased the market’s need for reliable and regulated cryptocurrency players, so large banks should seize this moment. «We see some really interesting opportunities at a good price ,» McDermott emphasized.

Interestingly, in December 2022, Goldman Sachs analysts expected gold to outperform BTC $56,852.47 Bitcoin -0.23% Market capitalization $1.12 trillion VOL. 24 hours $1.19 billion in the long run. However, the company is currently reviewing a number of different crypto firms to invest in some. No details were disclosed. The investment giant’s willingness to invest in cryptocurrencies even after a series of high-profile bankruptcies indicates the long-term prospects of the digital asset industry, which may eventually surpass the traditional finance sector.

Since the beginning of the year, bitcoin has shown the best growth since 2013. Coindesk analysts noted that such a rapid increase in the value of the flagship crypto asset occurred amid the weakness of the US dollar (USD). According to observers, the price rally was driven mainly by buyers from the United States.