Bitcoin este încă riscant de investit, spune Goldman Sachs echivalând DOGE cu BTC

Despite showing tremendous interest in Bitcoin, investment bank Goldman Sachs has recently warned its clients against investing in Bitcoin in a report. The raportează also equates DOGE to BTC coming to an agreement on the point that crypto assets like Dogecoin can be traded for gambling and fun.

Goldman Sachs Warns Clients Against Putting Money in Bitcoin

Most recently, the investment bank Goldman Sachs showed interes in cryptocurrencies such as Bitcoin and Ethereum, and now, a report by the bank warns its clients against investing in crypto assets.

Well, as a matter of fact, most of the believers in Bitcoin argue that Bitcoin is limited in quantity, which can act as a gard viu against inflation while there is an infinite supply of fiat money like the US Dollar.

The bank mentioned in its report:

“Digital Assets: Beauty Is Not in the Eye of the Beholder,” that while some market analysts and investors may consider Bitcoin to be “digital gold. The argument that Bitcoin and cryptocurrencies are a digital version of gold does not confer any value to Bitcoin and other cryptocurrencies, because gold itself is not a consistent or reliable store of value” 

Goldman Sachs Equates DOGE to BTC

In addition to all the above-mentioned things, it should be noted that Goldman Sachs equated DOGE to BTC and said that crypto-assets such as Dogecoin can be traded for fun and gambling.

The bank noted:

“The rapid price appreciation of cryptocurrencies; the media (and Twitter) blitz on Bitcoin, Ether, and even Dogecoin; and the diametrically opposing views of high-profile market participants have confounded many of our clients.”

The fact that Dogecoin is way too volatile can not be ignored as the cryptocurrency is up by over 12,000% from the past year. Moreover, many argue that the coin has no intrinsic value and it is just a matter of pump and dump.