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September 23, 2020
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Bitcoin

Investing in Bitcoin “Not Recommended” Grounds Goldman Sachs Shows to Customers


Goldman Sachs’s view Goldman Sachs (GS), a major US investment bank, held a conference call with customers on the 27th. Under current economic conditions, GS analysts said Bitcoin (BTC) and other cryptocurrencies (crypto assets) are not a viable investment vehicle for their portfolios. The main reasons for this are volatile price volatility, instability in correlation with other assets, and insufficient basis for risk hedging against inflation. Although it can be seen as an asset, as a customer’s investment portfolio …

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