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.
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