Goldman Sachs Crypto Report Is Positive For Bitcoin
Goldman Sachs held a call with its Chief Investment Officer on the US economic outlook. Topics discussed in the call included the US dollar as it faces the worst inflation yet, and how assets such as gold and Bitcoin would come into play, but Goldman Sachs doesn't think Bitcoin is an asset class at all.
The controversial analyst who burst onto the scene last year after being the first to apply the stock to flow ratio to Bitcoin has tweaked his model to come up with a new price forecast for Bitcoin.
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Crypto analyst and economist Alex Krüger says the world’s major central banks will inevitably go on to hold Bitcoin as a reserve asset.
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On July 22nd the Office of the Comptroller of the Currency wrote that American banks are allowed to hold cryptographic keys. That’s to say, U.S. financial institutions can be a custodian to your Bitcoin.
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MicroStrategy, one of the largest independent publicly traded business intelligence companies in the world, plans to buy an additional four hundred million dollars worth of Bitcoin.
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US Congressman Warren Davidson thinks Bitcoin is a great store of value while taking shots at central banks for their efforts to print more money.
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Square Revealed in its first quarter earnings results that show Bitcoin brought in more revenue for it's Cash App than fiat.
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On Saturday, Bitcoin soared three 3.5% to close at $10,100, and is now up around 40% since the start of 2020, after its best January in the past 7 years.
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Anthony Pompliano, the co founder of Morgan Creek Digital is laying out his top investments over the next eighteen to twenty four months, and he says Bitcoin is his number one pick to surge in the aftermath of the corona virus pandemic.
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TV host Max Keiser has said Bitcoin is going to hit $400,000 as he raised his price target for the first time since 2012.
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