Banking giant Goldman Sachs yesterday has ranked bitcoin as the best performing asset in the world in 2023. Despite the massive scandals and setbacks the crypto world faced last year – from The collapse of the terra stablecoin, to the bankruptcy of crypto exchange FTX – the New York-based bank sees positive trends for the major digital asset in this year. In fact, according to a return report by Goldman Sachs, bitcoin has performed better than the likes of S&P 500, gold and Nasdaq this year.

After bashing crypto for years in its reports, Goldman Sachs added bitcoin to its return reports in 2021, resulting in the introduction of crypto services being available for clients of the banking giant. Goldman Sachs is not all that wrong, seeing as bitcoin’s price has skyrocketed since mid-January, giving investors a newfound sense of hope and relief following the debacle of November.