Reuters
Goldman observed that the cryptocurrency infrastructure is still young and susceptible to hacking or inadvertent loss, and that it is primarily used as a conduit for illicit activity. Goldman noted that the crypto bubble dwarfs all other bubbles, including historic manias like the tulip and dot-com bubbles.Goldman Sachs, led by Jason Furman and Jan Hatzius, said in a presentation on Wednesday that bitcoin "is not an asset class," nor is it "a suitable investment."1. Bitcoin does not generate cash flow like bonds.3. Bitcoin does not provide consistent diversification benefits given its unstable correlations.
So why is GS so heavily invested in BTC?
If i had a gangster like hold on the US economy, I would trash bitcoin too.
Since yesterday I haven’t been able to access articles on Businessinsider i’m just being redirected to other sites each time I click on the tweet. Sigh ... is this happening to anyone as well ?
Why is it taxed if it’s not an asset?
Buy more bitcoins
They are trying hard to be relevant
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