The bank, despite showing interest in Bitcoin recently, is still warning its clients against investing in crypto assets. But Goldman Sachs thinks differently. The bank said in its report, "Digital Assets: Beauty Is Not in the Eye of the Beholder," that while some market analysts and investors may consider Bitcoin to be “digital gold,” that itself means next to nothing to Goldman: “The argument that Bitcoin and cryptocurrencies are a digital version of gold does not confer any value to Bitcoin and other cryptocurrencies, because gold itself is not a consistent or reliable store of value,” the report said, adding that US equities are a far better bet as a hedge against inflation.
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