Express
Crypto Analyst And Investor Combat Goldman Sach's Stance On Digital Assets
Summary: Funstrast analyst David Grider and Coinbase investor Seth Ginns joined Cointelegraph's Crypto Live Show to speak out against Goldman Sach's recent rejection of cryptocurrencies as an asset class. A slide from a Goldman presentation aquired by Cointelegraph showed that the bank's issues with cryptocurrency included inconsistent diversification benefits, cryptocurrency's inability to dampen volatility, and that cryptocurrencies ...
Funstrast analyst David Grider and Coinbase investor Seth Ginns joined Cointelegraph's Crypto Live Show to speak out against Goldman Sach's recent rejection of cryptocurrencies as an asset class.
A slide from a Goldman presentation aquired by Cointelegraph showed that the bank's issues with cryptocurrency included inconsistent diversification benefits, cryptocurrency's inability to dampen volatility, and that cryptocurrencies do not generate cash flow like bonds.
Ginns spoke out particularly against the notion that cryptocurrencies are used for illicit purposes, arguing that this belief is out of date which reflects Goldman's lack of evolution in thinking when it comes to the crypto space.
By Emily Mason
Tags: Cryptocurrency,David Grider,Goldman Sachs,Seth Ginns
Link: Crypto Analyst And Investor Combat Goldman Sach's Stance On Digital Assets [Copy]
