Bitcoin still looks overvalued based on a lack of crypto venture funding and other indicators, JPMorgan claims
Goldman claims Bitcoin has no intrinsic value, but Bitwise explains one thing it offers that nothing else can.
Hedge-fund clients at Goldman Sachs are more involved in crypto markets as Bitcoin remains their top investment choice.
McDermott foresees blockchain-based trading volumes rising in 1-2 years, with major market development expected in 3-5 years.
“We are penciling in 25 basis points of cuts per quarter but are uncertain about the pace," the Goldman Sachs'…
"AI-related investment could peak as high as 2.5 to 4% of GDP in the US and 1.5 to 2.5% of…
"The proportion that is invested has risen from 16% in 2021 to 26%," the leading financial institution claimed.
Goldman Sachs said bitcoin has outperformed IT stocks, Nasdaq 100, S&P 500, gold, and many other investment instruments.
Goldman Sachs believes regulators should focus on crypto’s trusted, centralized entities – but not the blockchain.
Goldman Sachs sees some "really interesting opportunities" in the crypto industry following the FTX meltdown, McDermott said.