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September 25, 2020
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Goldman Sachs debated on cryptocurrencies – Blocksats

As part of his recent video conference, Goldman Sachs raised several topics regarding “US economic outlook” and “Implications of current policy.” The bank’s experts analyzed, among others topics such as inflation, gold and … Bitcoins. The event took place yesterday. Unfortunately, cryptocurrency fans will not be delighted with the financiers’ conclusions.

Goldman Sachs: buying cryptocurrencies “There is no real investment justification”

Earlier, we had hoped that Goldman Sachs would look at cryptocurrencies differently. The more that since the beginning of the year BTC has gained a lot on the chart, while the fiat currency market is probably in the vestibule to the room with the inscription “high inflation”.

Bank economists, however, do not see the potential of BTC and believe that buying cryptocurrencies “There is no real investment justification.” In addition, they believe that BTC does not represent a new asset class. Not only that, digital currencies based on blockchains do not generate profits through exposure to economic growth, they have not proved to be credible protection against inflation so far and are used to facilitate money laundering and shopping in darknet.

In fact, such statements are a huge disappointment, because it is quite easy to see that fiat currencies are also used for illegal activities, while BTC is still quite effectively fighting for the name of safe haven – just look at the cryptocurrency chart.

Hitting the ball

The above noted the founders of the Gemini cryptocurrency exchange. Cameron Winklevoss also wrote in social media that Bitcoin was recognized as a product by CFTC as early as 2015.

“It is an asset whose price is determined on the basis of supply and demand. Just like gold. Just like oil

– he explained.

He also cited, for example, billionaire Paul Tudor Jones, who recently admitted that he bought bitcoin futures for 1-2 percent. their resources.

“Do your own analysis, have your own mind, avoid group thinking”

Cameron appealed to investors.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create it efficiently: LINK.

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