Goldman Sachs warns

read let the bubble before Bitcoin:

In the January report by Goldman Sachs (GS), all investors are highly penetrating the Bitcoin and the unstable “ Kryptowährungs Mania ” warn . The losses expected to be extreme, as the crash of the dot-com bubble in 2000. Once again recalls the Tulip mania.

In the PDF document which appears on a monthly basis, the customers are warned by analysts to invest in Kryptowährungen. Comparisons with the Dutch Tulip Mania be dragged and suppose that you likely will laugh about investors, nowadays willing to put their money into the actually worthless coins. Long term the Kryptowährungen will not maintain their current course, believe the staff of global value commerce company paper.

The paper also criticized that Bitcoin transactions can take up to ten days. There are large price differences, if one compares the prices of the various online trading platforms. Even the comparatively high cost of transfer in the Bitcoin are counted as minus point. After all, the analysts do not assume that a possible crash of bit coin & co. could bring the world economy to collapse.

apparently the wind has turned in GS in the last few months: in October of the previous year the company announced with you in the meantime has played with the idea, the own customers trade to offer different Kryptowährungen. Far less negative way, it is set on the Blockchain technology. Goldman-Sachs-Manager Don Duet in 2016 said you must ask yourself, why the Blockchain was invented not earlier. This innovation would drive change and have the potential to improve the financial industry everywhere. For banks, this was the “ only truth “, as a Duet in a podcast from two years ago.

Last week you had heard warnings of Kryptowährungen from all sides. One had explicitly warned message Deutsche Bank to their customers from the high volatility, bring the Kryptowährungen with it. An American Nobel Prize winner for Economics, Robert Shiller, had expressed his concerns about the Bitcoins as a dominant Kryptowährung . After all, the managers of Goldman Sachs with the Roland Berger consultancy in terms of Blockchain agree – a study recently found that the technology increasingly will keep moving into the financial sector in the coming years.

BTC-ECHO