Goldman Sachs addressed several topics regarding the "U.S. economic outlook" and "current policy implications" in its recent video conference. The bank's experts analyzed topics such as inflation, gold and... Bitcoins, among others. The event took place yesterday. Unfortunately, fans of cryptocurrencies will not be thrilled with the conclusions of financiers. Goldman Sachs: buying cryptocurrencies "has no real investment rationale" Previously, we ourselves had hoped that Goldman Sachs would look at cryptocurrencies differently. Especially since BTC has gained a lot on the chart since the beginning of the year, while the market for fiat currencies seems to be standing in the vestibule to the room with the word "high inflation". However, the bank's economists do not see the potential of BTC and believe that buying cryptocurrencies "has no real investment rationale". Additionally, they believe that BTC does not represent a new asset class. Not only that, but blockchain-based digital currencies, in their view, do not generate returns through exposure to economic growth, have so far not proven to be a reliable hedge against inflation, and on top of that, are being used to facilitate money laundering and darknet shopping. In truth, such statements are a great disappointment, as it is quite easy to see that fiat currencies are also used for illegal activities, while BTC also continues to fight quite successfully for the title of safe haven - just look at the cryptocurrency chart. Bouncing the ball The above was noted by the founders of the Gemini cryptocurrency exchange. Cameron Winklevoss also wrote on social media that bitcoin was declared a commodity by the CFTC back in 2015. "It is an asset whose price is determined by supply and demand. Just like gold. Just like oil." - He explained. He also cited the example of billionaire Paul Tudor Jones, who recently admitted that he bought bitcoin futures for 1-2 percent of his funds. "Do your own analysis, have your own opinion, avoid groupthink," - Cameron appealed to investors. You can always check the current exchange rate of bitcoin and other cryptocurrencies at the bitcoin exchange rate and cryptocurrency exchange rate tabs on bitcoin.co.uk. Places where you can buy Bitcoin and other cryptocurrencies include BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin Gemini cryptocurrency exchanges Goldman Sachs
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