Goldman Sachs Reassesses Whether Bitcoin (BTC) Is A Legitimate Entity


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Goldman Sachs stated more than a year ago that Bitcoin (BTC) is not an asset class. Now he’s investigating this issue for the second time.

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An upcoming report by Goldman Sachs shows that the bank is researching the cryptocurrency.

Screenshots of the report were shared on Twitter today by Alex Krüger, the founder of crypto trader and asset management firm Aike Capital.

Krüger said the full report will be made available “in a few days” on Goldman Sachs’ website.

The report includes the viewpoints of Michael Novogratz, founder and CEO of crypto investment firm Galaxy Digital Holdings, and CEO of Grayscale, Michael Sonnenshein, a crypto asset management firm that manages the largest Bitcoin trust in the world, and quotes from other financial executives and academics. .

In the published part of the report, Novogratz describes the cryptocurrency as an asset class. Sonnenshein backs Novogratz by claiming that cryptocurrency is not going anywhere:

“Institutional investors now know that digital assets will continue, and investors will increasingly turn to limited assets like Bitcoin. Because the entity has demonstrably a protection against inflation. “