Contact Information

Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York

We Are Available 24/ 7. Call Now.

Goldman Sachs Has Released A New Report On The Topic Of Cryptocurrencies, In Which It Recognized Their Emergence As A New Asset Class. During The Preparation Of The Report, The Investment Bank Learned The Opinions Of Companies Whose Activities Are Related To The Cryptocurrency Industry, Including Galaxy Digital, Global Fx And Chainlaysis, As Well As Critics Such As Nouriel Roubini.

The Authors Note That Many Large Cryptocurrencies Are Unique And Rightfully Take Their Place In The Market. For Example, Bitcoin Is A High-capitalized Currency, Xrp Is A Real-time Settlement System, Ethereum Is A Smart Contract Platform, Bnb Is A Token For Practical Application In Applications, And Polkadot Is A Blockchain Platform With The Ability To Interact With Various Chains. The Intrinsic Characteristics Of Each Of The Cryptocurrencies Allow Them To Attract A Specific User Base, Goldman Sachs Adds.

The Value Of Bitcoin, According To Analysts, Is Built Around Its Use And Distribution. In This Regard, Galaxy Digital Ceo Mike Novogratz Said That A Large Influx Of Institutional Capital Confirms The Attractiveness Of Cryptocurrency And A High Degree Of Market Development. “the World Has Cast Its Vote By Recognizing Bitcoin As A Good Store Of Value,” He Added.

Grayscale Investments Ceo Michael Sonnenschein Supports This View And Calls The Limited Emission Of Bitcoin “A Means Of Hedging Inflation And Currency Depreciation.” He Also Noted That Cryptocurrencies Failed To Escape The Turmoil Amid The 2020 Pandemic, But They Recovered Faster And Outperformed Other Asset Classes.

Nouriel Roubini, A Professor Of Economics At New York University, Said He “Disagrees With The Idea That Something That Has No Profitability, Practical Value Or Connection To Fundamental Economic Factors Can Be Considered A Store Of Value Or An Asset In General.” He Also “Questioned The Willingness Of Most Institutions To Expose Themselves To The Volatility And Risks Of Cryptocurrencies.”

Goldman Sachs Analysts Provide A Graph That Illustrated The History Of The Ups And Downs Of Bitcoin Since 2013. Key Takeaway: Throughout Its Existence, Bitcoin Has Always Rebounded To New Highs, No Matter How Deep The Declines.

The Latest Report Is The Exact Opposite Of A Document Published By Goldman Sachs A Year Ago Under The Heading “Cryptocurrencies, Including Bitcoin, Are Not An Asset Class.” “we Believe That A Security, The Growth Of The Value Of Which Depends Solely On The Desire Of Someone Else To Buy It At A Higher Price, Is Not Suitable As An Investment For Our Clients,” They Wrote At The Time.

Since Then, Goldman Sachs Has Launched Its Own Cryptocurrency Trading Division And Opened Up Access To Bitcoin Derivatives To Clients.


administrator

Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com

Leave a Reply

Your email address will not be published. Required fields are marked *