Banks and other financial institutions have never been close friends of Bitcoin and other cryptocurrencies. Goldman Sachs is a good example, albeit it seems that the bank has some other problems to deal with as well. This week, the people at Goldman Sachs had an interesting discussion on Bitcoin, inflation, and so forth. Bitcoin is a Security to Goldman Sachs Evidence of what this meeting entailed exactly has now come to light. According to the bank, cryptocurrencies are not an asset class. Moreover, they do not generate a cash flow like bonds, nor are there earnings “through exposure to global
The post Goldman Sachs Still Doesn’t Know What to Make of Bitcoin appeared first on The Merkle News.
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