Business Insider reports Goldman Sachs midterm economic outlook says Bitcoin prices are likely to fall further, after dropping 45 percent in the first seven months of 2018.
"We still maintain our view that digital currencies will not hold their value today, and in fact virtual currencies have fallen faster than we have forecast," said Goldman. Sachs led by investment director Sharmin Mossavar-Rahamani.
What if it was the truth?
1. Goldman Sachs is one of the banks that made the 2008 crisis happen. And recently they also had to
admit the frauds they have done during those years. Would you really believe anything those fraudsters are telling?
2. My math tells that Bitcoin should rise overall, sooner or later. I don't say I hold the ultimate truth, but since it's one of the goods with finite supply and increasing demand.. it *should* rise. And if it falls, it may be temporary. (Of course, you should do your own thinking in this, especially if you want to buy or sell).