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Stock impact report

Goldman Sachs Tells Clients Bitcoin Isn't Good, But It Seems To Secretly Like It [Forbes]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Forbes
POLAND - 2020/02/23: In this photo illustration a Goldman Sachs logo seen displayed on a smartphone.... [+](Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Last week, apresentation from the wealth management divisionGSBDBut, the ostensibly pessimistic stance of Goldman Sachs towards Bitcoin does not entirely reflect the bank’s perception of cryptocurrencies.To properly evaluate the position of Goldman Sachs on Bitcoin, three factors have to be considered: its historical statements about crypto, reports on theexploration of a BTC trading deskOn May 28, during a discussion about Bitcoin, gold, and inflation, the Goldman Sachs wealth management division said Bitcoin is not a “suitable investment for our clients.”One slide of the presentation read:Most Popular In:“We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment for our clients. We also believe that Show less Read more
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