• About us
  • Advertise With Us
  • Become a Contributor
  • Guest Posting Service
  • Privacy Policy
  • Submit Press Release
  • Terms & Conditions
No Result
View All Result
Ripple Press Release
  • Home
  • Market
    • Analysis
    • Guide
  • Binance
  • Bitcoin
  • Blockchain
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Ethereum
  • Finance
  • Litecoin
  • Ripple
  • Tether
  • Home
  • Market
    • Analysis
    • Guide
  • Binance
  • Bitcoin
  • Blockchain
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Ethereum
  • Finance
  • Litecoin
  • Ripple
  • Tether
No Result
View All Result
Latest News and Updates on Cryptocurrency
No Result
View All Result
Home Binance

Goldman Sachs Reconsiders Cryptocurrencies as an Asset Class

by
June 15, 2022
in Binance
0 0
0
Goldman Sachs Reconsiders Cryptocurrencies as an Asset Class
332
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

A forthcoming report from the investment bank shows that cryptos have performed strongly this year compared with traditional assets.

The report opens with a discussion on whether crypto can be considered an institutional asset class by talking to several experts in crypto and finance. Michael Sonnenshein, CEO of Grayscale Investments — which holds more than 3% of Bitcoin’s total supply — was unsurprisingly an advocate for crypto, suggesting that investors were attracted to the scarcity of assets like Bitcoin as a hedge against inflation.

Galaxy Digital Holdings CEO Michael Novogratz and Goldman Sachs Co-head of Forex Strategy Zach Pandl were in agreement, while NYU Professor of Economics Nouriel Roubini argued that crypto couldn’t be considered an asset as it has no income, utility, or relationship with economic fundamentals.

The report goes on to present a range of data on cryptocurrencies and their performance. It shows that Bitcoin and Ether have performed strongly year-to-date compared with traditional assets, while other coins like XRP and Dogecoin have seen even larger rallies this year.

Goldman Sachs’ research shows that as of May 19, about 70% of Bitcoin and 85% of Ether was held in profit, but also demonstrates that these assets are far more volatile than the stock market.

Finally, Goldman Sachs explains how to buy and transfer Bitcoin and some of the cryptography behind Bitcoin transactions.

The post Goldman Sachs Reconsiders Cryptocurrencies as an Asset Class appeared first on CoinJournal.

source

Tags: Crypto NewsToday Crypto UpdateTop Cryptocurrency News

Popular Post

    Facebook Twitter RSS

    Ripple Press Release


    Get the latest news on Cryptocurrency and stay up-to-date ... Cryptocurrency prices today.

    Category

    • Analysis
    • Binance
    • Bitcoin
    • Blockchain
    • Coinbase
    • Crypto
    • Crypto Exchange
    • Ethereum
    • Finance
    • Guide
    • Litecoin
    • Market
    • Ripple
    • Tether

    Recent News

    Fiat Knowledge: Only Bitcoin Creates A Culture That Rewards Verification

    Fiat Knowledge: Only Bitcoin Creates A Culture That Rewards Verification

    July 5, 2022
    Bitsliced, the revolution behind asset tokenization

    Bitsliced, the revolution behind asset tokenization

    July 5, 2022

    © 2022 Ripple Press Release.

    No Result
    View All Result
    • Home – Layout 4

    © 2022 Ripple Press Release.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Posting....