Goldman Sachs: Ethereum's popularity could see ETH become dominant store of v...
Goldman Sachs says the popularity of Ethereum's smart contracts means it could overtake Bitcoin as the number one crypto by market cap soon. Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest "real use potential" is Ethereum, suggesting its ETH could become the dominant digital store of value.As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming years, according to a report in Business Insider. "[Ether] currently looks like the cryptocurrency with the highest real use....
Related News
While writing on Tuesday to its clients, Goldman Sachs mentioned Ethereum as the blockchain having the highest recorded real use cases. The firm also suggested that Ethereum may dominate the digital store soon. Goldman Sachs observed that most people now prefer using Ethereum’s smart contracts due to ETH’s increasing popularity. This situation may lead to […]
Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future outlook for bitcoin and ether in a note published Tuesday. The investment bank’s analysts reportedly argued that ether’s real use cases could make the cryptocurrency the dominant digital store of value, overtaking bitcoin as the top cryptocurrency. They wrote: [Ether] currently looks....
Global investment bank Goldman Sachs is questioning whether bitcoin can be a long-term store of value and digital gold. The firm’s analysts cited various issues with the cryptocurrency, such as environmental problems, “lack of real use,” and competition from other cryptocurrencies. Goldman Sachs Sees Problems With Bitcoin as Long-Term Store of Value Goldman Sachs published a note outlining some problems with bitcoin as digital gold on Wednesday. The firm’s analysts, led by its top commodities strategist Jeffrey Currie, have voiced concerns about whether the....
Global investment bank Goldman Sachs is reportedly predicting that the price of ether could rise to $8,000 by year-end. The bank’s analysts explained that cryptocurrencies have traded in line with inflation breakevens since 2019.
Ether Could Reach $8K by Year-End, According to Goldman Sachs
Goldman Sachs has reportedly explained in a research note circulated by the bank’s managing director of Global Markets, Bernhard Rzymelka, that the price of ether (ETH) could hit $8,000 by year-end. The note details that cryptocurrencies have traded in line with inflation....
Goldman Sachs will be offering its clients access to Ethereum Funds through Galaxy Digital’s Institutional Ethereum Fund. This was reported from the regulatory documents filed with the U.S Securities and Exchange Commission (SEC). The SEC also displayed that it had listed Goldman Sachs as a beneficiary of the charges that are required to be borne […]