Bitcoin Was 2013’s Best “Risk-Adjusted” Performer

Bitcoin Was 2013’s Best “Risk-Adjusted” Performer

US equities surged… Japanese stocks soared.. and Europe recovered greatly but on a risk-adjusted-return basis, Goldman Sachs notes, nothing beat Bitcoin in 2013…

2014… not so much…

Daniel Masters of Global Advisors sums up his allocation to Bitcoin:

I am optimistic about its prospects for success, but I am not unrealistic. I have a personal and professional investment in Bitcoin, so clearly I am talking my own position. But I have invested precisely what I am prepared to lose 100% of. That is how risky I think it is. I do not normally go around making investments thinking I might lose 100%. I only do so when I think I have a chance of making many multiples of that.

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