According to BlockBeats, the latest analysis by Goldman Sachs shows that Bitcoin has risen by more than 40% this year, outperforming major stock indexes, fixed-income securities, gold and oil. However, Goldman Sachs data points out that Bitcoin's volatility makes its risk-adjusted return rate less than 10%, far lower than gold's nearly 20%. This verifies Bitcoin's high volatility, making it unsuitable as a safe-haven asset, and traditional institutions prefer to avoid price fluctuations through arbitrage strategies.