While the price of the first cryptocurrency, like the value of the entire market, is gaining momentum, Bitcoin has been criticized by a major US investment bank. The head of Goldman’s investment banking division is confident that digital money will not be able to become a full-fledged payment instrument. According to him, this is due to increased attention to the cryptocurrency market from the media and numerous investments in various digital assets.

According to the bank, the main reason why bitcoin will not be able to become a means of payment, is high volatility. Such a statement is entirely justified and applies not only to bitcoin but to other cryptocurrencies as well. At the same time, Goldman Sachs was considering investing in the market of digital assets and even creating its own cryptocurrency. However, this project is at the seed stage.

Of course, there is a grain of truth in his words, since the cryptocurrency’s dynamics is extremely unstable. The digital currency may hit an all-time high and then collapse by 40-50%. Such problems of crypto money can be attributed to its brief period of existence in the financial market and its certain isolation from other assets in the stock markets.

analytics601d1b310c17a.jpg

However, not everyone shares Goldman’s view. For example, analysts at digital bank First Boulevard have taken a contrary position. The bank will become the first partner for Visa software, which could significantly expand the range of clients involved in cryptocurrency transactions. In addition, well-known US hedge fund Bridgewater Associates is also planning to invest in the cryptocurrency market.

Despite certain fears of large investors, the cryptocurrency market continues to develop in all directions. The problem of high volatility of digital assets will soon be solved by constant equity infusion, an expanded range of software, as well as smooth implementation into the global banking system.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.