Bitcoin (BTC) $78,383.80 -0.23%
Ethereum (ETH) $2,305.65 -0.28%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.020157 -0.19%
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Dogecoin (DOGE) $0.00 -10.51%

Cryptocurrencies: 28860

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Market Cap: $2,599,398,283,301

24h Vol: $95,259,442,037

CryptoGlobe

2022-12-13 23:40:00

Goldman Sachs: Gold Is a Better Long-Term Investment Than Bitcoin ($BTC)

Goldman Sachs: Gold Is a Better Long-Term Investment Than Bitcoin ($BTC)

Wall Street giant Goldman Sachs has revealed it expects gold to outperform the flagship cryptocurrency Bitcoin ($BTC) over the long-term over its demand drivers, while expecting the cryptocurrency to be more influenced by tighter financial conditions. In a research note, the bank wrote that gold is a “useful portfolio diversifier” as it has developed non-speculative

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