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Benzinga
Benzinga
Business
Samyuktha Sriram

Goldman Sachs Says Crypto Going Mainstream Won't Boost Prices: Report

Goldman Sachs NYSE

The mainstream acceptance of cryptocurrencies may not be the cause for celebration industry watchers think it to be, suggested Goldman Sachs Group Inc (NYSE:GS).

What Happened: In a note to clients seen by Bloomberg on Friday, Goldman strategists Zach Pandl and Isabella Rosenberg said investors should be skeptical of the narrative that the rising adoption of cryptocurrencies must translate into higher prices.

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