Posts Tagged: Goldman Sachs

Why Commodities Whiz Dennis Gartman is Avoiding Bitcoin

Bitcoin

Bitcoin is trading under $4,450, but according to investor Dennis Gartman he’s not buying into the digital currency. According to the editor and publisher of The Gartman Letter, he doesn’t understand bitcoin. He said: “It is a punter’s dream. I give them credit for that, but it is something that I will absolutely stay away from,… Read more »

Bitcoin Reaches New All-Time High Near $4,500

Bitcoin

The price of bitcoin soared above $4,400 and was within striking distance of $4,500 for the first time. In the early hours of the 15th August, the digital currency recorded a new all-time high of $4,482, according to CoinDesk’s Bitcoin Price Index (BPI). As can be seen from the chart above, throughout the day bitcoin’s… Read more »

Goldman Sachs: It’s Harder for Investors to Ignore Digital Currencies

Digital Currencies

Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the… Read more »