![Future cost of bitcoin will hurt Goldman Sachs](http://bitcoints.com/wp-content/uploads/2018/08/Future-cost-of-bitcoin-will-hurt-Goldman-Sachs.jpg)
2018-8-4 22:19 |
Goldman Sachs is not optimistic for the near-term fate of cryptocurrency.
Goldman is the latest global investment bank to take the view that cryptocurrency is neither a medium of exchange, “nor a unit of measurement, nor a store of value.”
On Thursday, UBS made a similar assessment and said bitcoin is too “unstable” to be a mainstream currency.
The investment bank is reportedly looking to launch a bitcoin trading desk this year and become the first Wall Street firm to make a market in cryptocurrencies.
The bank’s CEO Lloyd Blankfein said in June that while he doesn’t own bitcoin, he wouldn’t rule out the cryptocurrency having a future.
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