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Goldman Sachs: Bitcoin Is More of a Commodity (Not A Currency)

Goldman Sachs: Bitcoin Is More of a Commodity (Not A Currency)

by Jonathan Shieber | shared from TechCrunch | Goldman Sachs thinks that Bitcoin believers need to take a cold shower, drink some coffee, and sober up. In the wake of Mt. Gox’s collapse, the supposed outing of Bitcoin’s creator, and some high-profile arrests, the financial services firm has put together an exhaustive survey of “Bitcoin” and “bitcoin” and ultimately finds the technology promising but the currency wanting. The key takeaway: Bitcoin likely can’t work as a currency, but … the ...

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