Goldman Sachs report states that Bitcoin's price surge in 2024 was not enough to beat gold's risk-adjusted returns.
Bitcoin saw significant gains in 2024, surging from $42,000 to $73,000, but its volatility overshadowed its price performance.
Gold, with a risk-adjusted return of 3% and strong gains of 28%, reaffirms its position as a safe haven asset.
Analysts have differing opinions, with some predicting that Bitcoin will outperform gold in the future, while others believe gold will remain irreplaceable.