Goldman Sachs: “Bitcoin is Not the New Gold”

An increasing number of traditional financial institutions are speaking up about Bitcoin and other cryptocurrencies. Most recently, Goldman Sachs released a note to its clients warning them of Bitcoin’s risks. Specifically, the investment firm stated that Bitcoin is not “new Gold,” and that Gold, and other precious metals, are a far safer investment options.
Bitcoin is often compared to gold because, from a perspective of wealth management, the two assets share similar qualitie