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Many companies, such as PayPal and Tesla, are now permitting cryptocurrency payments for goods and services, something that has rarely been witnessed in the past, and this is just more proof that digital assets – as their prices expand – are delving further into mainstream territory.

But the news is even more impressive in the sense that Goldman Sachs hasn’t always been kind to bitcoin, nor has it always taken the digital asset seriously.

There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that

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