In October of 2017, Goldman Sachs announced that they were considering opening a cryptocurrency trading desk, which caused the price of Bitcoin to surge. However, in December of 2018, the investment bank announced that they were no longer planning to open a cryptocurrency trading desk.
The bank did not give a reason for the change in plans, but it is speculated that it was due to the volatile nature of the cryptocurrency market.
NOTE: WARNING: Please be aware that any statements or opinions made by Goldman Sachs regarding Bitcoin are not endorsed by the government or any other financial authority. Any decision to invest in Bitcoin should be made with caution and at your own risk. Please do your own research and consult with a qualified professional before investing in Bitcoin or any other cryptocurrency.
Goldman Sachs is one of the largest investment banks in the world, so their announcement in October of 2017 caused a lot of excitement in the cryptocurrency community. However, their change in plans just a few months later shows that even major financial institutions are still unsure about the future of cryptocurrencies.
The cryptocurrency market is still young and volatile, so it is not surprising that Goldman Sachs changed their mind about opening a cryptocurrency trading desk. Only time will tell if other major financial institutions will follow suit or if they will start investing in cryptocurrencies themselves.
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Morgan Stanley, one of the largest investment banks in the United States, has released a report on Bitcoin entitled “Bitcoin Decrypted: A Brief Teach-In and Implications for the Investor.” The report is authored by Sheena Shah, head of technology research for the bank. In the report, Shah acknowledges that Bitcoin has come a long way since its inception in 2009, and that its underlying blockchain technology has the potential to revolutionize how we store and transfer value. However, she also warns that Bitcoin is still a very volatile asset, and that investors should be cautious when considering investing in it.
In an interview on CNBC’s “Halftime Report,” Bill Maher said he thinks bitcoin is “a scam.”
“I just think it’s a scam,” Maher said. “I don’t know if it’s a bubble, but I just think it’s a scam.”
When asked if he would invest in bitcoin, Maher said “no.”
“If you’re dumb enough to buy it, you deserve to lose your money,” Maher said. Maher’s comments come as bitcoin continues to surge in value. The digital currency is up more than 1,000% this year, and is currently trading at around $15,000.
Bitcoin, the decentralized digital currency, has been gaining popularity and media attention since its inception in 2009. But what do economists think about Bitcoin
Generally, economists are skeptical of Bitcoin and other cryptocurrencies. They tend to view them as speculative assets rather than true currencies.
When it comes to cryptocurrency, McAfee is a true believer. He has been an active promoter of Bitcoin and other digital currencies for years. In fact, he even accepts Bitcoin as payment for his cyber security services.
