Posted By: Admin
On: August 13th 2017
Category: Entrepreneurship, Bitcoin, Finance
GOLDMAN SACHS TELLS INVESTORS: DON’T IGNORE BITCOIN
Bitcoin continues to rise as financial services giant Goldman Sachs is now telling investors that they should no longer ignore the potential financial gains offered by cryptocurrency. Bit by bit, Bitcoin and other forms of cryptocurrency are slowly insinuating themselves into the global financial market. Fidelity Investments recently integrated cryptocurrency into their operations by partnering with Coinbase. Now Goldman Sachs, one of the global giants in investments and finance, has joined the chorus in extolling the potential gains offered by Bitcoin and its brethren.
CRYPTOCURRENCY IS WORTH WATCHING
Investopedia is reporting that Goldman Sachs is now acknowledging the powerful gains made by cryptocurrencies like Bitcoin and Ethereum this year. A recent Goldman Sachs Q&A, authored by a number of analysts including Robert Boroujerdi and Jessica Binder Graham, was sent out to clients in regards to cryptocurrency. In the Q&A, the investment giant is now telling their clients that the realm of cryptocurrency can no longer be ignored.
A small section of the Q&A, as reported by Bloomberg, puts this new attitude in crystal-clear terms when it states: