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Saturday 30 May 2020

Goldman Sachs Tells Investors Bitcoin Not Worthy of Investment

The recent announcement that Goldman Sachs would be holding an investor conference call event to further discuss inflation, gold and Bitcoin had captured the attention of the entire cryptocurrency industry. The investment bank called investors to discuss the “US Economic Outlook & Implications of Current Policies for Inflation, Gold, And Bitcoin”.

The meeting took place yesterday, on May 27, and while there were no specific details concerning the exact content and agenda prior to the conference, most believed the news of the call to be a positive sign for Bitcoin, and that Goldman Sach’s would officially declare the cryptocurrency to be a safe hedge asset against monetary inflation.

However, according to a leaked PowerPoint slide from the May 27 call, it is clear that Goldman Sach’s does not have a positive view of Bitcoin and the slide even seemed overly discouraging.

submitted by /u/kealenz
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from Bitcoin - The Internet of Money https://ift.tt/3guKEzY

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