Bitcoin Price Up 40% YTD, but Gold Wins on Risk-Adjusted Returns

Bitcoin Price Up 40% YTD, but Gold Wins on Risk-Adjusted Returns

Bitcoin's 40% surge this year outperforms major indices, fixed-income securities, gold, and oil. However, its year-to-date return to volatility ratio is under 2%, significantly lower than gold's 3% risk-adjusted return. This low risk-adjusted performance makes directional bets unattractive.

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