Bitcoin Cs Drops 75%, Goldman Sachs Predictions Will Not Rise Again

Goldman Sachs predicts that Bitcoin prices will not return lively in the remainder of 2018. Bitcoin prices have pushed further decline compared to a 45% decline in the first seven months of 2018.

"Ignore us that cryptocurrency will not keep the value in the current incarnation intact and, has been used faster than we expected," said head of Goldman Sachs Investment Sharmin Mossavar-Rahamani in this year's economic report, the global investment bank from the United States (US ), as reported by Business Insider, Tuesday (07/08/2018).

Goldman Sachs also believes that the fate of other virtual currencies is the same in the remaining 2018

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"We are looking for more information about our future that this cryptocurrency does not meet one of the three traditional currencies," he said.

Goldman is of the view that cryptocurrency has the right to exchange media, or measurement units, or store value.

Making money for blockchain technology that supports the nature of its distribution, has been heralded as a disruption to the global financial system. In fact, theoretical for a more efficient database, faster transactions, and more transparent operations.
However, Goldman stated that they would not have much impact on other assets.
"More importantly, we continue to believe that the reduction will not have a negative impact on the performance of broader financial assets, because cryptocurrency represents only 0.3% of world GDP in 2018," the report said.
"In fact, we believe that they collect media that is far more traditional and social media attention is justified," he continued.