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24 June 2021

Goldman Sachs Report: Hedge Funds Now Hate BTC | Live Bitcoin News

Goldman Sachs Report: Hedge Funds Now Hate BTC | Live Bitcoin News


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It looks like bitcoin may be losing some of its popularity – at least among hedge funds, according to a new report issued by financial giant Goldman Sachs.

The asset – which over the past year has earned the attention of major institutions ranging from software firm MicroStrategy to electric vehicle company Tesla – is now being looked down upon by the world’s biggest hedge funds and investing firms, according to Goldman Sachs.

However, when one considers that just over a year later bitcoin would trade for about $64,000 in mid-April – a new all-time high for the currency – it is understandable why so many investing enterprises have come to dislike the digital asset.

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