Sunday, October 24, 2021
HomeNewsSwiss Bank Calls Goldman Sachs’ Bitcoin Bluff About Bitcoin As A Bad...

Swiss Bank Calls Goldman Sachs’ Bitcoin Bluff About Bitcoin As A Bad Investment Channel

On May 27, Goldman Sachs published a report on inflation and the current outlook of the US economy, especially as it relates to Bitcoin and Gold. The report did nothing for Bitcoin, specifically mentioning that crypto does not “constitute a viable investment rationale.”

The head of digital assets at Swissquote, Chris Thomas, has responded. He says the Bitcoin market is still a lot more stable:

“Bitcoin did fall 37% on March 12, 2020. And just one month later, oil markets plunged 333% in the space of 24 hours, nearly 10x a greater drop, touching a low of minus $40 per barrel at one point.”

Image Credits: Pixabay

RELATED ARTICLES

Most Popular