Goldman Sachs Warns Investors of Bitcoin 'Bubble' in New Report

Goldman Sachs Warns Investors of Bitcoin ‘Bubble’ in New Report

Goldman Sachs has claimed that bitcoin is a bubble bigger than the dot-com era and the famous Dutch tulip mania. In a research letter to investors, the banking firm’s analysts warned about the increase in cryptocurrency values, highlighting the price moves in bitcoin and ether, as well as the stock price increases for companies which pivot to blockchain . One example, The Crypto Company, saw its price jump more than 17,000 percent before the U.S. Securities and Exchange Commission halted trading, according to the report. The mania is surprising, the authors say, because the world’s largest cryptocurrency by market […]