Goldman Sachs
Goldman Sachs: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
In a report Thursday, Goldman Sachs said mainstream crypto adoption can raise valuations but also raise correlations with other financial market variables, reducing the diversification benefits of holding digital assets. “The Hash” hosts dig into the report, discussing whether bitcoin moves in sync with the traditional markets.
Goldman: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
The bank’s analysts said digital assets won’t be immune to macroeconomic forces such as monetary tightening.
There Won’t Be a 'Goldman Sachs Coin' Anytime Soon
The banking giant said last year that it was looking into creating its own cryptocurrency.
Coinbase Still the 'Blue Chip Way' to Gain Crypto Growth Exposure, Goldman Says
The bank continues to rate the crypto exchange as "buy" while cutting its price target to $288.
Bitcoin Drops to 6-Month Low, Ether Eyes Bearish Cross as US Stock Index Futures Erase Early Gains
Bitcoin and ether fell to their lowest levels since July after Goldman Sachs predicted a faster pace of Fed tightening.
Goldman Bullish on Online Brokers’ 4Q Earnings Due to Crypto Activity, Retail Trading
The bank sees total crypto trading revenues rising 62% at Coinbase and 18% at Robinhood compared with the quarter before.
Why Goldman Sachs Analysts Still Bullish on $100K BTC in 2022
Even though the bitcoin price did not reach $100,000 at the end of 2021 as predicted in the stock-to-flow model, a chart published by Bloomberg that uses Goldman Sachs data indicates this is still highly possible if BTC continues to be adopted as a store of value. In this Chart of the Day report, Galen Moore reflects on bitcoin’s market cap and how it compares to gold.
Bitcoin Can Reach $100K in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says
The firm assumes a scenario where bitcoin adoption increases as a store of value for investors versus gold.
Goldman Sachs Says Blockchain Is Key to Metaverse and Web 3 Development
The Wall Street bank sees blockchain as one of the most disruptive technologies since the advent of the internet.
