Recently Bitcoin has been rising in price rapidly.
Yet only last week, Goldman Sachs came out with a note to its clients saying that they don’t consider bitcoin an investable asset class.
So is Bitcoin in a bubble?
This video analyzes Goldman’s arguments against bitcoin to see if they hold merit. These arguments include:
1- bitcoin is not a currency
2- bitcoin cannot act as a store of value because of its volatility.
3- bitcoin does not hold any value.
4- bitcoin could go to zero.
Let me know what you think in the comments!
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Disclaimer: Anything you hear in this video is an opinion. It is not to be considered personalized financial advice. Make sure you do your own due diligence.