• Bitcoin’s higher Sortino Ratio gave it an edge over traditional finance instruments.
• Bitcoin’s 30-day volatility plunged to 15.47%, half of what it used to be a year ago.

Winds of change were blowing in the crypto market as Bitcoin [BTC], once notorious for its high-risk factor, began to emerge as an appealing long-term investment tool.

Is your portfolio green? Check out the BTC Profit Calculator

Bitcoin becomes a reliable bet

According to a post by on-chain analytics firm IntoTheBlock dated 11 October, the king coin had the highest Sortino Ratio when compared to mainstream financial instruments of the market.

Bitcoin’s value of 0.57 turned out to the best in the list which included major stock indices like the Nasdaq 1oo and S&P 500 and the U.S. Dollar Index (DXY)

The Sortino ratio measures the risk-adjusted return of an investment asset and is widely used metric in traditional finance. Put simply, it compares Go to Source to See Full Article
Author: Aniket Verma

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