Goldman Sachs: Bitcoin may not be perceived as a threat to gold

The rate of the first cryptocurrency, which has shown significant growth in recent weeks, cannot be perceived as a threat to the main safe-haven asset – gold. Researchers at the world’s largest investment bank Goldman Sachs write about this.

So, they noted that the interest of market participants in a digital asset can negatively affect the demand for precious metal, but cannot completely replace it. “Although the bitcoin rate is growing rapidly, we do not perceive this trend as a threat,” the Invetbank noted.

According to experts, many investors are still wary of crypto assets, because they are afraid to invest in instruments that are accompanied by high risks. This year, hedge funds have actively invested in the first cryptocurrency. For example, this month One River Asset Management announced a purchase of over $ 600 million in digital assets.