Goldman Sachs, one of the most crucial banks in the United States -and the whole world- released a report on cryptocurrencies, and its content is quite promising for the ecosystem.
The report “Crypto, a new asset class” is not yet readily available to the general public. Still, it has actually already been shared on socials media by investors with early access to these examinations.
Alex Krüger, creator of possession management firm Aike Capital and active Crypto Twitter commentator, shared part of the report, stating it should be available in full “whithin a few days.”
Crypto, a new asset class – – rather a thorough report by Goldman. pic.twitter.com/FP2sewJCTx
— Alex Krüger (@krugermacro) May 21, 2021
Experts Tell Goldman Sachs Why Cryptocurrencies Are Proving Their Value
The report goes over the nature of cryptocurrencies as an asset class. To do so, it gathers the viewpoints of several experts in the field, such as Galaxy Digital CEO Michael Nogoratz, Global FX’s Zach Pandl, Michael Gronager of Chainlaysis, and critics such as Nouriel Roubini.
The report explains the most vital characteristics of the leading cryptocurrencies and the usefulness of each one.
In this regard, for instance, the bank describes that Bitcoin functions as a large-cap currency, XRP as a real-time settlement system, Ethereum as a clever contract platform, BNB as an energy token/application, and Polkadot as a blockchain with interoperability abilities. In addition, supplying each project with a distinct function permits some division of their target market based.