@Steve_BA 19 November 2020 more from that month

Goldman Sachs Bitcoin report

The banking giant Goldman Sachs conducted a study on Bitcoin (BTC), with unconvincing results. According to some sources, the bank provides confusing information to potential BTC investors, while its position is not conclusive either. "Cryptocurrencies, including Bitcoin, are not considered a class of assets" and "we do not recommend bitcoin for clients 'investment portfolios, even if its volatility may provide various opportunities for traders" Goldman Sachs' consumer and investment division wrote recently.

The bank also accentuated the volatility of the instrument, the lack of correlation with other instruments, the possibility of its use in illicit activities. Moreover, there were mentioned various examples of hacking and questioned the rarity of Bitcoin and its ability to cover inflation. The bank agreed that "this is an instrument whose recognition depends primarily on someone's willingness to offer a higher price and is not a suitable investment for its customers." In addition, the financial institution is skeptical about gold, saying it does not recommend it for its investors' portfolios. **Cryptoverse** Instead, Cryptoverse criticized Goldman Sacks for its poor research work, pointing out that it made many mistakes and misinformed investors. This aspect should not be neglected, being a serious company. The director of Abra (mobile wallet application for cryptocurrencies), Bill Barhydt, listed some key issues related to the study conducted by the bank: they do not understand or do not want to recognize what a deflationary instrument is they do not even recognize the true nature of Bitcoin's rarity and the strength of its network they also don't understand the hard fork

In addition to the mistakes in the report, some voices recalled an alleged dark past of Goldman Sachs on money laundering and the connection to the money-printing machine, the Federal Reserve. Many people believe that the big banks on Wall Street are not adapting fast enough to today's technology. But others believe that as Goldman Sachs starts selling BTC, it will radically change its mind. My successful faucets! **PipeFlare** & **Hive ZCash -** ZEC with tier 4 referral program  https://pipeflare.io/r/1csv https://pipeflare.io/r/zxn https://globalhive.io/r/22608 FreeCryptos: **(DASH),** **(TRX)**, **(ETH)**, **(Cardano)**, **(BNB)**, **(LINK)**, **(NEO)** & **(BTC)** https://freedash.io/?ref=4707 https://free-tron.com/?ref=25692 https://freeethereum.com/?ref=40374 https://freecardano.com/?ref=228851 https://freebinancecoin.com/?ref=32847 https://freechain.link/?ref=1992 https://freeneo.io/?ref=2499 https://freebitcoin.io/?ref=319581 **Free-Litecoin** https://free-litecoin.com/login?referer=990005 **Stakecube (over 20 single click faucets per day)** https://stakecube.net/?team=VSC2009