Goldman Sachs analysts: "Bitcoin will surpass gold in the long run" – Bits Media

Analysts of the Goldman Sachs investment bank called gold a more effective diversifier of the investment portfolio, than bitcoin. Cause: The low volatility of this precious metal.

Goldman Sachs experts consider, that bitcoin is an extremely volatile asset with high level of risk, while gold is less affected by complex financial and economic circumstances. As for bitcoin, The falling of its quotes was greatly affected by the bankruptcy of several large players of the cryptocurrency market.

Moreover, Gold has many use options, Whereas bitcoin has not yet been found in the real world, Analysts Goldman Sachs. Therefore, the current cost of BTC, Experts say, determined by the scale of its future options for using. Analysts are sure, that gold will continue to grow stably, And this growth will be supported by real demand drivers.

Last year, Goldman Sachs Analyst Jeff Curry (Jeff Currie) stated, that due to an unstable cryptocurrency course, it is difficult to call them reliable tools for hedging inflation risks. Curry recently recommended regulatory authorities to focus on supervision of centralized exchanges, To prevent a possible liquidity crisis.