Goldman Sachs: Bitcoin cannot compete with gold

In the long term, gold will retain its status as the best asset. Bitcoin will not be able to compete with the precious metal because its real scale of application is very low, according to a Goldman Sachs report.
Digital currency will remain a speculative asset because its value is highly dependent on the monetary policy of central banks, while gold retains autonomy.
Analysts note that in annual terms, the loss of bitcoin amounted to 75%, and the precious metal is almost unchanged in price. BTC is highly dependent on sentiment dominating the risky asset market.

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