Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Goodcat49 on August 08, 2018, 08:38:41 PM
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David Solomon, incoming CEO at Goldman Sachs has revealed that he intends to put more Bitcoin and crypto services in the investment company’s portfolio. Still and all, the Goldman Sachs 2018 mid-year economic outlook report alludes Bitcoin will go on moving down for an anticipatable future.
“Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected,” the team lead by chief investment officer Sharmin Mossavar-Rahmani said in the report.
The outlook report indicates that the price of Bitcoin has dropped 45 percent as per now this year.
"We expect further declines in the future given our view that these Cryptos don't fulfill any of the three traditional roles of a currency," Goldman Sachs revealed.
Furthermore, Goldman Sachs noted that they are a unit of measurement, a medium of exchange, nor a store of value. Cryptocurrencies delineate 0.3 percent of world Gross Domestic Product.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/goldman-sachs-forecasts-more-crypto-declines-btc-watch/
(https://coinidol.com/upload/resize_cache/iblock/781/900_900_1/78163b182ccc47e0f4208190ea1312f5.png)