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Experts Warn That Crypto Is Not an Investment Asset Class

Experts Warn That Crypto Is Not an Investment Asset Class
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Goldman Sachs Remains Crypto Skeptic Amid Wall Street's Bitcoin ETF Boom

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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Optimism over US stimulus helps Bitcoin rally past $60,000 for the first time

The cryptocurrency is bouncing back from a rout at the end of last month ....

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Wild swings of Bitcoin prove it is not a real unit of value, Goldman Sachs says

Still, the cryptocurrency has plenty of high-profile proponents.
Paul Tudor Jones bought some as a hedge against central bank and government action, while Mike Novogratz and Alan Howard have both invested hundreds of millions of dollars in Bitcoin and other digital currencies. Bridgewater Associates founder Ray Dalio has called it “one hell of an invention” and an alternative, gold-like asset.
Ms Rahmani drew a distinction between Bitcoin and blockchain technology, the public, mostly anonymous ledger that records all the currency’s transactions. That technology could facilitate the smoother flow of global assets and will become part of the financial infrastructure, she said. ....

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