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July 1, 2022
Finance Technologies

Goldman Sachs says crypto is “not a suitable investment” on invite-only call

Goldman Sachs outlined reasons why the bank thinks cryptocurrency is “not an asset class” and “not a suitable investment” for its clients on an invite-only leaked presentation. The call last week, titled ‘US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin’, surmised that cryptocurrencies offer neither cash flow nor a hedge against inflation. Goldman’s presentation involved Harvard professor and chair of the Council of Economic Advisers, Jason Furman, and Goldman Sachs’ chief economist, Jan Hatzius. The slides were put together by the bank’s chief investment officer, Sharmin Mossavar-Rahmani. One slide highlighted bitcoin’s use as a “conduit…
Goldman Sachs says crypto is “not a suitable investment” on invite-only call

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