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Goldman Sachs:”BTC beats gold”

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Inflation is here and now not even the central banks they feel like ignoring it, despite the fact that for months they have insisted on the transience of the phenomenon. With the CPI – the Consumer Price Index in USA which has passed the 6% upwards, there are no longer any doubts – and even the big investment banks have started to move as if the fact is now inevitable.

Goldman Sachs aim for gold at altitude $ 2,000 and most importantly, admits through a prominent executive that BTC is partially replacing the precious metal like store of value.

Goldman Sachs: it will be time for gold and cryptocurrencies

The statement of Damian Courvalin from Bloomberg TV was perhaps self-evident, but at the same time a first acceptance of what, for fans of solid currency as it is BTC it was now taken for granted. We have in fact a situation of very strong inflation, of debasement from the fiat currencies. Which led to later the arrival of US inflation data to a huge influx of capital into cryptocurrencies and gold.

For the second it is a phenomenon that has existed since we no longer have the gold standard and which is not unknown to either investors or central banks. In the case of BTC however we are facing a relatively new situation. Yes, this week has enshrined that BTC it’s a store of value and that in part (for the moment) has already replaced gold (which has grown to a lesser extent than BTC).

Which, as we had anticipated, was also confirmed by Courvalin from Goldman Sachs, which remains one of the most important investment banks in the world.

Cryptocurrencies and gold do not have to cannibalize themselves, but the replacement is an established fact in recent times.

Another very interesting fact in support of this thesis of Courvalin, that we marry 100%, is that in China there has been a large increase in demand for gold precisely in conjunction with the cryptocurrency ban.

What is there to learn from this Goldman Sachs

We learn – even if it has been claimed on these pages for some time – that we have officially entered a new phase in the life of BTC. And what if the current economic conditions, BTC could really make that leap towards i $ 100,000 that by now many analysts, including ours, expect no ifs and buts.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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