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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