Bitcoin (BTC) $63,537.23 -0.03%
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Tether (USDT) $1.00 -0.01%
Solana (SOL) 66.752385 -0.10%
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Cryptocurrencies: 29099

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Market Cap: $2,174,389,340,639

24h Vol: $72,787,062,291

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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