61 percent of Goldman Sachs’s clients are bullish on cryptocurrencies, while 40% have exposure to the cryptocurrency market. The investment banking giant published its internal client survey results finding that 61% of those polled expect their digital asset holdings to increase in the next 12-24 months. While 40% of respondents already have exposure to cryptocurrencies…. Read More
Tag: goldman sachs
Goldman Sachs Said To Be Exploring Crypto Custody Service
An inside source told Coindesk that Goldman Sachs is planning to enter the cryptocurrency market as a custody for investors to hold crypto. Goldman Sachs has issued a request for information (RFI) to explore becoming a digital asset custody, according to a source inside the bank who spoke to Coindesk. Goldman Sachs is reportedly planning… Read More
Goldman Sachs Says Bitcoin Is A “Retail Inflation Hedge With No Threat To Gold” Compares To Copper
Goldman Sachs’ head of commodities research Jeff Currie has stated that Bitcoin is “the retail inflation hedge” calling it not digital gold but comparing the number one digital asset to copper. Currie added, that gold and Bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the… Read More
Analysts At Goldman Sachs Recommend Shorting The Dollar
According to Goldman Sachs analysts, the risks arising from vaccine trials and the uncertainty of the U.S. election could weaken the dollar, CNBC reported. If the U.S. dollar continues to lose its purchasing power, it could mean that safe-haven asset gold and Bitcoin could gain significant bullish momentum in the last quarter of 2020. Zach… Read More
The Existing Financial System is Designed for Money Laundering – Recent Leaks Prove it!
It looks like the idea that crypto is the new way to launder money just doesn’t hold up to reality. A recent set of leaked US Government documents show that not only is a tremendous amount of dirty money flowing unimpeded through the established financial system – banks and the government aren’t doing a thing… Read More
Bitcoin is 2019’s Best Performing Asset
With the world economy slowly imploding and many countries experiencing recession, savvy investors are searching for the best performing asset. In 2019, that asset appears to be bitcoin. The conventional investments of gold, stocks and bonds are not overly impressive. Gold was up 17 percent since Dec. 31. The Standard & Poor’s 500 Index returned… Read More
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