Happy Wednesday, Blockfolians The Lede Last year in May, Goldman Sachs held a teleconference about bitcoin and the economy. Cryptocurrency, they vociferously argued, was not an asset class, and their investors should stay out of it. 10 months later, bitcoin is worth about 6x what it was then and GS is looking pre-tty silly. Many of their peers - most recently Morgan Stanley - have made announcements offering bitcoin products.
Goldman Sachs' About Face on Bitcoin
Goldman Sachs' About Face on Bitcoin
Goldman Sachs' About Face on Bitcoin
Happy Wednesday, Blockfolians The Lede Last year in May, Goldman Sachs held a teleconference about bitcoin and the economy. Cryptocurrency, they vociferously argued, was not an asset class, and their investors should stay out of it. 10 months later, bitcoin is worth about 6x what it was then and GS is looking pre-tty silly. Many of their peers - most recently Morgan Stanley - have made announcements offering bitcoin products.