1 X bitcoin bitcoin =


20 January 2021

Goldman Sachs: Cryptocurrencies 'Are Not an Asset Class' - CoinDesk

Goldman Sachs: Cryptocurrencies 'Are Not an Asset Class' - CoinDesk

smart summary beta

Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis?

In the call materials, Goldman note that while cryptocurrencies like bitcoin “have received enormous attention,” they “are not an asset class.” .

“One could argue bitcoin isn’t backed by anything, but to liken it to a game of hot potato ignores the subjective value such a novel asset provides,” said Kevin Kelly, former equity analyst at Bloomberg and co-founder of Delphi Digital, a cryptocurrency research firm that recently published a comprehensive report on bitcoin

The two Goldman speakers on the call, its head of research and a Harvard economics professor, said several bitcoin forks, which they refer to as “nearly identical clones,” occupy three of the six largest cryptocurrencies by market value

Goto Full Article

bitcoin bitcoin price



Live Average


News Article Sentiment


Score (-0.4)

Article Metadata


Market data feeds provided by
bitsmart 2021