Goldman Sachs named reasons not to invest in bitcoin
https://preview.redd.it/rxbbbz0eqi151.jpg?width=1024&format=pjpg&auto=webp&s=5601e034d2ad01746653b54e43291b0fbde41085 Goldman Sachs Investment Bank held an online conference for its customers, during which, among other things, they discussed cryptocurrencies. According to the bank’s specialists, cryptocurrencies are not an asset class, since they do not create cash flows, do not contribute to GDP growth, and also do not provide an opportunity to diversify the portfolio due to unstable correlations. In addition, experts did not find a trend in digital currencies to reduce volatility or reasons to believe that they can act as a hedge against inflation. Among the negative factors, bankers also attributed high volatility, the use of cryptocurrencies in illegal activities and their susceptibility to hacking and theft. Bitcoin supporters have widely criticized Goldman Sachs for these claims. For instance, Dan Tapeiro, founder of D-TAP said that the bank was simply concerned about its revenue stream. “Goldman Sachs does not make fees when a client buys bitcoin. Buying Btc is an implicit rejection of buying assets that Goldman Sachs sells upon which they make fees,” he tweeted.
Even Goldman Sachs, the Wall Street behemoth that trades in markets' most esoteric assets, can't find a way to trade bitcoin. The bank is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future, according to people familiar with the matter, as the regulatory framework for crypto remains unclear. As part of that decision, Goldman has moved plans to open a desk for trading cryptocurrencies further down a list of priorities for how it can participate in cryptocurrency markets, the people said. It may revive these plans later, they added.
Breaking Bitcoin News; Blockchain; Goldman Sachs invests in blockchain platform Veem. September 28, 2018. 14003. Share. Facebook. Twitter. ReddIt. Telegram. Pinterest. WhatsApp. Advertisment. Goldman Sachs has invested in Veem. The bank giant promotes the Blockchain payment service provider who has written nothing less than to attack the SWIFT standard. Other high caliber investors also seem ... Goldman Sachs told its clients Bitcoin is not a suitable investment. Its previous statements since 2017 suggest the bank's overall stance on crypto is not so pessimistic. Goldman Sachs und Bitcoin. Der Investmentgigant hat bereits mehr als einen Fuß in der Tür zum Krypto-Sektor. Gerüchte, dass Goldman Sachs einen Bitcoin Trading Desk aus der Taufe heben möchte, wurden zwar dementiert; trotzdem kann man der Investmentfirma keine Bitcoin-Apathie unterstellen. So war Goldman Sachs etwa die erste Großbank, die eine bedeutende Investition in ein Bitcoin ... Goldman Sachs isn't convinced there's a case for investing in cryptocurrencies like bitcoin.Crypto evangelists — perhaps unsurprisingly — aren't impressed with its assessment. The U.S. bank's ... Goldman Sachs and Mike Novogratz’ venture capital fund Galaxy Digital Ventures are investing in crypto custody solution provider BitGo Holdings.. Here is how BitGo, which calls itself “the market leader in institutional-grade cryptocurrency security”, announced the news on Twitter:
Our partner: https://www.cloudtokenwallet.com/ Registration code: 5516709372 Goldman Sachs Bank is mulling allowing its investors to trade in Bitcoin directl... Goldman Sachs, one of the largest investment banking company in the world, is rumored to have interest in Bitcoin trading. Bitcoin is no Joke folks. It's real and it's not stopping. *I am not a ... This week we saw Goldman put out an extremely biased report saying “Bitcoin is not an asset class”... So in this episode, we explain why they’re wrong about cryptocurrencies. Also, economies ... Cryptocurrency Consultant: www.britvrcrypto.com How to Buy Bitcoin, Litecoin, and Ethereum: https://www.coinbase.com/join/55b100a569702d463a0000f9 https://ch... #Bitcoin #Ethereum #XRP #Crypto #JPMorgan #GoldmanSachs #Stocks #Cryptocurrency #Blockchain #DigitalAssets - Advisors at JP Morgan and Goldman Sachs are discouraging clients from purchasing ...