Goldman Sachs analysts: "We do not recommend investing in cryptocurrencies" – Bits Media

According to analysts at investment bank Goldman Sachs, investing in cryptocurrencies is not a "viable" investment, but crypto assets can be used to speculate in the market.

Goldman Sachs analysts said, that despite the growing interest of people in cryptocurrencies, investing in them is still risky. Some investors call bitcoin "digital gold", However, in fact, this does not give him any value. Researchers think, that gold itself is not an optimal means of savings in comparison with American actions, which can more effectively protect inflation funds.

Goldman Sachs said, that strong fluctuations in the cryptocurrency market scare potential buyers of digital assets. Information, published in the media, and statements of famous personalities on the social network Twitter affect the course of the main cryptocurrencies. Besides, The opposite opinions of the participants in the Industry about digital assets are completely confused by many Goldman Sachs customers, interested in buying.

Therefore, the bank came to the conclusion, that bitcoin cannot become a long -term saving tool, and it cannot be considered a separate class of assets for diversification of the investment portfolio. At the same time, bank analysts consider, that cryptocurrencies can be "ideal for market speculation."

Separately, the bank allocated risks, related to investment in crypto assets. We are talking about normative risks, which are associated with a possible ban on cryptocurrency trading regulators, environmental problems, arising from the extraction of bitcoin, as well as hacker attacks, During which users can lose their means.

"Based on all these risks, Bitcoin profitability characteristics and that fact, that it does not meet any of the criteria, to become an independent class of assets, We do not recommend investing in cryptocurrencies ", - said analysts.

Nonetheless, Goldman Sachs is not tuned against cryptocurrencies and does not avoid them. This week the bank reported, that it plans to launch trade in futures and options for Ethereum. This indicates, that some bank clients are really interested in becoming participants in the cryptocurrency market.