Bitcoin is a stand-out asset for its returns compared with other asset classes despite its volatility, says NYDIG.
Bitcoin is the best-performing asset for returns despite its volatility, according to the New York Digital Investment Group (NYDIG).
In an analysis published on Oct. 11, Greg Cipolaro, Global Head of Research at NYDIG, said that Bitcoin (BTC) “stands apart from the crowd” for its returns and compared it to other asset classes using the Sharpe ratio.
The ratio is used in finance to evaluate the performance of an asset relative to its risk. Specifically, it calculates the ratio of excess returns to the volatility of those returns, with a higher Sharpe ratio indicating better risk-adjusted performance.
