Bitcoin News
By Sydney TheCMO
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Goldman Sachs released a global macro-economic outlook report back in May 2020, that touched lightly on cryptocurrencies.
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However, Goldman Sachs’ latest 2021 report indicates a dramatic shift in perspective in favor of cryptocurrencies.
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Goldman Sachs’ about-turn was largely influenced by its former partner, Mike Novogratz, the current head of Galaxy Digital.
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Jeff Currie, another Goldman Sachs analyst believes that cryptocurrencies need more use cases other than speculation to make them an effective store of value.
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The recent Goldman Sachs report is an interesting departure from the investment firm’s opinion about cryptocurrencies in the previous year and that is a significant change…
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Unfortunately, institutional involvement remains limited at the moment, due to regulatory limitations. The U.
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An influx of institutional investors will likely take place in the near future, especially now that Goldman Sachs and other investment firms have shifted their perspective of…
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Market forces will still play out, which means there will plenty of buying and selling. However, there is the general notion that the market will become less volatile due to more…
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In summary, traditional investment and finance institutions are adopting cryptocurrencies. Some companies now embrace payments in some cryptocurrencies, which means the market…
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