• bitcoin too volatile Goldman Sachs

    Bitcoin too volatile to be store of value: Goldman Sachs exec

    The head of the bank’s Investment Strategy Unit also argued that “something with a long-term volatility of 80% can’t be considered a medium of exchange.”

    In a recent briefing on Goldman Sach's 2021 outlook, Sharmin Mossavar-Rahmani, head of the firm's head of the Investment Strategy Group for the Consumer and Investment Management Division, poured cold water on the idea Bitcoin is a new digital gold, saying, "just because everybody piles into an idea and talks it up doesn’t mean it’s a store of value.”