Bitcoin and ether are both bubbles, says Goldman investment chief
From marketwatch.com
The chief investment officer at Goldman Sachs’s Private Wealth Management Group is the latest industry expert to weigh in on the cryptocurrency bubble debate. In an interview with Business Insider, Sharmin Mossavar-Rahmani said bitcoin BTCUSD, +2.56% shows all the characteristics of a bubble, adding that ether is even “more astronomical”, making its valuation incorrect. Despite comparing the meteoric price rises to the dot-com bubble, Mossavar-Rahmani said that the overall impact, should the cryptocurrency market collapse, will be limited as it makes up such a small portion of the global economy. This is not the ...
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