Thursday, March 28

Goldman Sachs: Crypto Holders Might Not Get Rich From Mass Adoption By Cointelegraph


©Reuters. Goldman Sachs: Crypto Holders Might Not Get Rich From Mass Adoption

The adoption of () and cryptocurrencies do not necessarily cause their price to rise in dollar terms, argues Goldman Sachs (NYSE:).

In a note seen by Bloomberg published on Thursday, the international banking giant claimed that the mass acceptance of crypto assets would increase their correlation with other mainstream asset classes.

Goldman: Adoption Is a “Double-Edged Sword” Contrary to many Bitcoin advocates, Goldman was firmly insensitive to the prospect of cryptocurrencies as a tool for enrichment of the general population.

Read the full article on Cointelegraph

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