Goldman Sachs explains that cryptocurrencies like Bitcoin are not an asset class

Goldman Sachs Investor Presentation Slide Leaks

Goldman Sachs says that the danger of hacks, other cryptocurrency losses, and their use to encourage illicit activity are all responsibilities for crypto. GS concludes that cryptocurrencies, like Bitcoin, “are not an asset class”.

GS says more about digital currencies:

  • inherent cash shortage
  • inability to generate income
  • volatility

So really nothing new in there?

Goldman Sachs Investor Presentation Slide Leaks

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