A Goldman Sachs cryptocurrency report angered true fans | Currency News | Financial and Business News | Markets Insider

On Wednesday, the bank released a report that outlined, drawing the ire of those that support the digital currency.

"We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment for our clients," said Goldman. The bank also called out cryptocurrency's popularity with hedge funds, saying"while hedge funds may find trading cryptocurrencies appealing because of their high volatility, that allure does not constitute a viable investment rationale."

It didn't sit well with supporters of cryptocurrency. The Winklevoss twins, who co-founded Gemini, a cryptocurrency exchange platform, responded with vocal backlash to the report.

BREAKING: Analyst from “the man” angers people who are mad at “the man” 🤷‍♂️

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft News cuts dozens of workers in shift to AI-driven news - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Most efficient way to fund basic income healthcare through taxes directly on stock market not income tax that can be avoided but kn the trading of shares 50 million shares trade everyday at average of $30 per models show 7% as an optimal amount That J degree you spent Mom & Dads hard earned money on and you end up getting shit canned for WALL-E Microsoft news switches to AI driven format Wow Thanks humans we’ll take it from here 😉
Source: BusinessInsider - 🏆 729. / 51 Read more »