CoinVoice recently learned that according to CoinDesk, Goldman Sachs analysis shows that Bitcoin has risen by more than 40% this year, outperforming major stock indexes, fixed-income securities, gold and oil. However, according to Goldman Sachs data, despite Bitcoin's outstanding performance, its volatility has resulted in a return-to-risk ratio of less than 10%, far lower than gold's industry-leading level of nearly 20%.

Bitcoin's low risk-adjusted return rate proves that its volatility is too high and it is not suitable as a safe-haven asset like gold. This is also the reason why traditional institutions prefer to use arbitrage strategies to avoid Bitcoin price fluctuations. [Original link]