How Bitcoin leads other cryptocurrencies to fail investability test – Goldmans Sachs

How Bitcoin leads other cryptocurrencies to fail investability test – Goldmans Sach

How Bitcoin leads other cryptocurrencies to fail investability test – Goldmans Sachs As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most portfolios—at least not yet. In a new report to private-wealth management clients, Goldman’s Investment Strategy Group (ISG) noted that Bitcoin and other cryptocurrencies fail to meet the criteria it believes determine whether an asset class is “investable.” “While the digital asset ecosystem may well revolutionize…

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IMF backs CBN’s restriction on use of cryptocurrencies

IMF pledges new lending support for low-income countries

IMF backs CBN’s restriction on use of cryptocurrencies   In what appeared as a way of baking Nigerian apex bank’s ban of cryptocurrency transactions in the country, an official of the International Monetary Fund (IMF) has called for caution in the use of the digital currencies, describing it as a concern. It disclosed this during a virtual briefing on the recently published 2020 Article IV IMF Staff Report for Nigeria. Ari Aisen, the Resident Representative of IMF for Nigeria, said the concern on the use of cryptocurrencies was why many…

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