, of course. That's low single-digit gains, so say the economists. Show chapters, cryptocurrencies like bitcoin are not the "new gold goldman. Reporting by Diptendu Lahiri in Bengaluru; Editing by Maju Samuel and Arun Koyyur.
Call it what you want, those are or were the consensus views over at JPMorgan and. Goldman, sachs for much of 2017. Cryptocurrencies like bitcoin are not the new gold, Goldman, sachs said in a note, advising investors that precious metals remain a relevant asset class in portfolios. In a note to clients.
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A fund holding the currency could attract more investors and push its price higher. But if there was such a thing as cryptocurrency back then, they might have come up with a similar plan like the one being tossed around by Nicolas Maduro, the president of Venezuela. Bitcoin was basically for corrupt money launderers and drug dealers. . Goldman, sachs head of technical strategy Sheba Jafari. And for this reason, the dollar has served its purpose relatively well: consumer price inflation has averaged.1 over the last 30 years, and the real trade-weighted exchange rate is about 3 above its average of the same period, Goldman Sachs economists wrote. "Both daily/weekly oscillators are diverging negatively. Not quite like the dollar. Everyone knows more or less what they can expect from the dollar, as they can from the euro and the yen.
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