Can gold and bitcoin coexist? Goldman Sachs says yes
Bitcoin’s (BTC) The parabolic surge in 2020 will not affect key traditional assets like gold, according to Goldman Sachs (NYSE :).
Goldman Sachs, one of the largest investment banks in the world, has reportedly sent a notice to investors to reassure its clients who are not an existential threat to gold, Bloomberg Reports December 18th. “We see no evidence that Bitcoin’s rally can cannibalize gold’s bull market and we believe the two can coexist,” the company wrote.
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