Here's What Goldman Is Telling Big Money Clients About Bitcoin
- Strategists say ‘hype cycle’ in full effect for cryptos
- Q&A to customers doesn’t address whether to buy digital assets
Amherst Pierpont's Sinche Calls Bitcoin an 'Anticurrency'
This article is for subscribers only.
Goldman Sachs Group Inc. is acknowledging that it’s getting harder for institutional investors to ignore the cryptocurrency market with total assets ballooning to $120 billion and bitcoin soaring more than 200 percent this year.
“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” analysts including Robert Boroujerdi and Jessica Binder Graham wrote in a Q&A sent to clients.