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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Non-Believer: Goldman Sachs Retains Bearish Stance On Bitcoin

Goldman Sachs Bitcoin Crypto
Goldman Sachs has been a Bitcoin bear for years even as the digital currency has seen significant gains during the first quarter of the year. (Credit: AFP)

KEY POINTS

  • Goldman's CIO said the actual worth of Bitcoin and digital assets cannot be evaluated
  • She also called out crypto enthusiasts for their supposed hypocrisy in terms of democratized finance
  • She previously warned the public against investing in Bitcoin or spot BTC ETFs

Bitcoin has been on a significant bull run in recent months even as it has had some lows, but investment banking giant Goldman Sachs is unfazed, saying it remains a non-believer of cryptocurrency's potential.

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