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2 mins read
Bitcoin is failing as digital gold due to its massive energy use and competition from ether, Goldman Sachs says
Goldman said bitcoin's problems make it vulnerable to "losing store-of-value demand to another, bet…
Harry Robertson
1 min read
US stocks rally as Goldman's strong 2nd-quarter report raises hopes ahead of a busy week of earnings
Wall Street will also see earnings from Tesla, Johnson & Johnson, Netflix, United Airlines and Veri…
Brian Evans
2 mins read
'Volatility is your friend': A former Goldman Sachs hedge-fund boss says crypto investors should embrace bitcoin's wild price swings - and explains why it's one of the asset's key features
"Without that volatility, you can't have compounded annual returns of 230%," said Raoul Pal. "Volat…
Shalini Nagarajan
1 min read
Institutional interest in bitcoin sets the latest bull run apart from 2017's retail-driven surge, Goldman's digital asset chief says
Goldman's Matt McDermott said interest in crypto from hedge funds, asset managers, banks, corporate…
Emily Graffeo
2 mins read
Bitcoin is more like risky digital copper than gold as an inflation hedge, Goldman Sachs' top commodities analyst says
Both bitcoin and copper work as "risk-on" inflationary hedges, or situations where investors have h…
Shalini Nagarajan
2 mins read
Crypto has become a full-fledged asset class, but prices are still dictated by FOMO and investors face barriers to entry, Goldman Sachs says
"If your closest rivals are all seeing material returns, your investors will wonder why you are not…
Carla Mozée
1 min read
22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months
The survey also showed that 54% predict the price of the cryptocurrency will hover in the range of …
Isabelle Lee
1 min read
Goldman Sachs is offering bitcoin derivatives to investors as it expands its offerings in the $1 trillion market
The bank will hedge with CME futures using Cumberland DRW as its trading partner, Bloomberg Law rep…
Isabelle Lee
2 mins read
Billionaire investor Stanley Druckenmiller says he owns bitcoin as a 'sort of a plaything' - and millennials look at it the way he views gold
Although he was skeptical of it at first, Druckenmiller said bitcoin advocates have done an "unbeli…
Shalini Nagarajan
2 mins read
Bitcoin tops $60,000 and sets new high over the weekend as Elon Musk aims towards the "moon"
With tightening supply, an upcoming Coinbase IPO, and a tweet from crypto's most famous billionaire…
Alex Nicoll
1 min read
Goldman Sachs CEO predicts a 'big evolution' in the way bitcoin and other cryptocurrencies are regulated
David Solomon said Goldman Sachs is proactively thinking about digital assets like bitcoin, and kee…
Shalini Nagarajan
2 mins read
Goldman Sachs is close to offering bitcoin and other digital assets to its rich private wealth-management clients, report says
The bank is exploring a range of investments in digital assets, right from physically-backed bitcoi…
Shalini Nagarajan
1 min read
The COO of Goldman Sachs says client demand for bitcoin is rising as the cryptocurrency flirts with record highs
"The pandemic has been a significant accelerant," John Waldron said, referring to the increased int…
Isabelle Lee
1 min read
Goldman Sachs restarts cryptocurrency trading and will begin dealing bitcoin futures for clients next week, report says
The cryptocurrency trading desk will be a part of the US Global Markets division. The bank is also …
Isabelle Lee
2 mins read
Bitcoin's surge poses no threat to gold's status as the currency of last resort, Goldman Sachs says
"We do not see bitcoin's rising popularity as an existential threat to gold's status as the currenc…
Shalini Nagarajan
1 min read
US stocks close mixed as Dow dives nearly 400 points on weak Goldman Sachs earnings
Both Goldman Sachs and Morgan Stanley noted the more challenging macroeconomic environment, and saw…
Brian Evans
1 min read
Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'Merry Bitmas'
Bitcoin investors are celebrating a 'Merry Bitmas' today as the cryptocurrency soars to a new recor…
Theo Golden
1 min read
Gold prices hit $2,000 an ounce after investors pile into the safe-haven asset as the Ukraine crisis worsens
The precious metal hit $2,000 an ounce for the first time since August 2020 on Monday, as the Ukrai…
George Glover
1 min read
Don't be surprised if ether takes over bitcoin as the dominant digital store of value, Goldman Sachs says
"This competition among cryptocurrencies is another risk factor that prevents them from becoming sa…
Matthew Fox
2 mins read
PayPal explores crypto takeovers including Goldman-backed startup BitGo, report says
No deal has been finalized yet, and talks could still fall through as PayPal may seek other targets…