ChainCatcher news, 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, Goldman Sachs' data also pointed out that Bitcoin's volatility makes its return-to-risk ratio less than 10%, far lower than gold's industry-leading level of nearly 20%. ⚖️

This means that although Bitcoin has performed well, it is not as effective as gold as a safe-haven asset due to its high volatility. This is also why traditional institutions prefer to circumvent Bitcoin price fluctuations through arbitrage strategies. 💼

In general, Bitcoin's market performance this year has been impressive, but investors still need to be cautious about its high volatility.