Goldman Sachs offers a highly flawed analysis of Bitcoin: here’s what they missedBTC $9158 (+3.9%) • ETH $207 (+2.8%) • XRP $0.20 (+0.5%)
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Banking giant Goldman Sachs held its highly anticipated client call today, in which the topic of cryptocurrency was floated. Unsurprisingly, they offered a scathing critique of the nascent market, echoing age-old anti-Bitcoin talking points. Their analysis of Bitcoin – and reasoning for why it should not be considered a viable investment – is highly flawed, however, and has even led some industry executives to point out the hypocrisy of some of their claims.
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Since the peak of the last Bitcoin bubble in late-2017/early-2018, the vast majority of altcoins have collapsed dramatically from their all-time highs. Featured event
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Goldman Sachs offers a highly flawed analysis of Bitcoin: here’s what they missed