{"id":13050,"date":"2024-02-20T11:10:14","date_gmt":"2024-02-20T07:40:14","guid":{"rendered":"https:\/\/farhadsalimi.com\/goldman-sachs-report-against-bitcoin-in-2020\/"},"modified":"2024-07-17T15:17:13","modified_gmt":"2024-07-17T11:47:13","slug":"goldman-sachs-report-against-bitcoin-in-2020","status":"publish","type":"post","link":"https:\/\/farhadsalimi.com\/en\/goldman-sachs-report-against-bitcoin-in-2020\/","title":{"rendered":"Goldman Sachs report against Bitcoin in 2020"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/farhadsalimi.com\/en\/goldman-sachs-report-against-bitcoin-in-2020\/#Negative_opinion_of_Goldman_Sachs_report_on_Bitcoin\" >Negative opinion of Goldman Sachs report on Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/farhadsalimi.com\/en\/goldman-sachs-report-against-bitcoin-in-2020\/#Goldman_Sachs_Change_of_Mind_on_Cryptos_in_2023\" >Goldman Sachs Change of Mind on Cryptos in 2023<\/a><\/li><\/ul><\/nav><\/div>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13050\" class=\"elementor elementor-13050 elementor-7078\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b1a3b1 e-flex e-con-boxed e-con e-parent\" data-id=\"2b1a3b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4cb0a1c elementor-invisible elementor-widget elementor-widget-image\" data-id=\"4cb0a1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-1024x512.jpg\" class=\"attachment-large size-large wp-image-11443\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u06af\u0632\u0627\u0631\u0634-GOLDMAN-SACHS-\u0639\u0644\u06cc\u0647-\u0628\u06cc\u062a-\u06a9\u0648\u06cc\u0646.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e82157c e-flex e-con-boxed e-con e-parent\" data-id=\"e82157c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ee7a5f elementor-widget elementor-widget-text-editor\" data-id=\"1ee7a5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">On May 27, 2020, a report was presented by Goldman Sachs, a famous American investment banker. In this report, a negative opinion was presented on Bitcoin, and friends considered this report to be a war between <a title=\"Goldman Sachs\" href=\"https:\/\/www.goldmansachs.com\/\" target=\"_blank\" rel=\"noopener\">Goldman<\/a> Sachs and Bitcoins or Hodleys of Bitcoin.<\/p>\n<p style=\"text-align: justify;\">Bitcoin hoodlies are big fans of Bitcoin and cryptocurrencies who believe that Buy &amp; Hold means to buy and hold Bitcoin. Of course, this is not the first time that Wall Streeters have rushed into Bitcoin.<\/p>\n<audio class=\"wp-audio-shortcode\" id=\"audio-13050-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/goldman.mp3?_=1\" \/><a href=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/goldman.mp3\">https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/goldman.mp3<\/a><\/audio>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b1fa14 e-flex e-con-boxed e-con e-parent\" data-id=\"3b1fa14\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03467cd elementor-widget elementor-widget-html\" data-id=\"03467cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"59182208150\"><script type=\"text\/JavaScript\" src=\"https:\/\/www.aparat.com\/embed\/fxdKI?data%5Brnddiv%5D=59182208150&amp;data%5Bresponsive%5D=yes\"><\/script><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b460705 e-flex e-con-boxed e-con e-parent\" data-id=\"b460705\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7c22b62 elementor-widget elementor-widget-text-editor\" data-id=\"7c22b62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">Some bigwigs of Wall Street and the capital market have made many negative comments about Bitcoin. These people had a very negative opinion about buying Bitcoin and cryptocurrencies. Among them was <a title=\"Warren Buffett\" href=\"https:\/\/fa.wikipedia.org\/wiki\/%D9%88%D8%A7%D8%B1%D9%86_%D8%A8%D8%A7%D9%81%D8%AA\" target=\"_blank\" rel=\"noopener\">Warren Buffett<\/a> , who is a Wall Streeter. He has stated that Bitcoin is bought by idiots who hope to sell it to someone even more idiotic at a higher price.<\/p>\n<p style=\"text-align: justify;\">In the video below, I have talked about this theory in detail;<\/p>\n<audio class=\"wp-audio-shortcode\" id=\"audio-13050-2\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/hobab.mp3?_=2\" \/><a href=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/hobab.mp3\">https:\/\/farhadsalimi.com\/wp-content\/uploads\/podcast\/hobab.mp3<\/a><\/audio>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-321f63d e-flex e-con-boxed e-con e-parent\" data-id=\"321f63d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-386d39c elementor-widget elementor-widget-html\" data-id=\"386d39c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"74932579933\"><script type=\"text\/JavaScript\" src=\"https:\/\/www.aparat.com\/embed\/wGqPL?data%5Brnddiv%5D=74932579933&amp;data%5Bresponsive%5D=yes\"><\/script><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1c4fb73 e-flex e-con-boxed e-con e-parent\" data-id=\"1c4fb73\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6b2e3d6 elementor-widget elementor-widget-text-editor\" data-id=\"6b2e3d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">The Goldman Sachs report has also recently mentioned Mr. Warren Buffett, but in a more respectful manner. It is stated on page 30 of this report that: We believe that securities whose value depends on someone else being willing to pay a higher price for it (and basically have no value if no one else buys it) are not suitable for our clients to invest in.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-555ea9c e-flex e-con-boxed e-con e-parent\" data-id=\"555ea9c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-88a1388 e-con-full e-flex e-con e-child\" data-id=\"88a1388\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3e199aa e-con-full e-flex e-con e-child\" data-id=\"3e199aa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-fded8b2 e-flex e-con-boxed e-con e-child\" data-id=\"fded8b2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b64ff79 elementor-widget elementor-widget-text-editor\" data-id=\"b64ff79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><span style=\"color: #ffffff;\"><a style=\"color: #ffffff;\" title=\"Download the 2020 Goldman Sachs report file\" href=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/Goldman-sachs-report-on-Bitcoin-as-asset-2021.pdf\">Download the 2020 Goldman Sachs report file<\/a><br \/><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f5537b2 e-con-full e-flex e-con e-child\" data-id=\"f5537b2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2334972 e-flex e-con-boxed e-con e-parent\" data-id=\"2334972\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ec7de97 elementor-widget elementor-widget-text-editor\" data-id=\"ec7de97\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Negative_opinion_of_Goldman_Sachs_report_on_Bitcoin\"><\/span>Negative opinion of Goldman Sachs report on Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Considering that Goldman Sachs is the largest investment banker in the United States and the world, this report, regardless of whether it is right or wrong, will have a wide impact on the behavior of investors and the direction of the Bitcoin price.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c285a03 e-flex e-con-boxed e-con e-child\" data-id=\"c285a03\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ed184c elementor-widget elementor-widget-text-editor\" data-id=\"7ed184c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Read more: <a style=\"color: #000000;\" title=\"Bitcoin price depends on what factors?!\" href=\"https:\/\/farhadsalimi.com\/en\/bitcoin-price-depends-on-what-factors\/\">Bitcoin price depends on what factors?!<\/a><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ef1b80 e-flex e-con-boxed e-con e-parent\" data-id=\"4ef1b80\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-adfef6d elementor-widget elementor-widget-text-editor\" data-id=\"adfef6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">Therefore, I, in turn, took advantage of this opportunity to discuss some concepts of the Goleman Sachs report and evaluate its accuracy. From the point of view of fundamental analysis, there are useful comments in this report, which can lead to new things.  <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7567adc e-flex e-con-boxed e-con e-child\" data-id=\"7567adc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eeedf2d elementor-widget elementor-widget-text-editor\" data-id=\"eeedf2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Read more: <a style=\"color: #000000;\" title=\"Fundamental analysis or fundamental analysis\" href=\"https:\/\/farhadsalimi.com\/en\/fundamental-analysis-or-fundamental-analysis\/\">Fundamental analysis<\/a><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-53070b9 e-flex e-con-boxed e-con e-parent\" data-id=\"53070b9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dfcc074 elementor-widget elementor-widget-text-editor\" data-id=\"dfcc074\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">On page 29 of the Goldman Sachs report, referring to cryptocurrencies, Bitcoin has been rejected as a currency or an asset based on its characteristics. In fact, in this part of the report, it is stated that Bitcoin does not have the three main characteristics of money. Now these three characteristics are:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-83daf82 e-flex e-con-boxed e-con e-parent\" data-id=\"83daf82\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-586cd2f elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"586cd2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/farhadsalimi.com\/en\/what-is-medium-of-exchange-and-how-does-it-work\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Medium of exchange<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Unit of account<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/farhadsalimi.com\/en\/what-does-store-of-value-mean\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Store of value<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f448089 e-flex e-con-boxed e-con e-parent\" data-id=\"f448089\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e087d85 elementor-widget elementor-widget-text-editor\" data-id=\"e087d85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">I have explained each of these items in detail. Just click on each item and get its additional information.<\/p>\n<p style=\"text-align: justify;\">The goal of Goldman Sachs is to show that Bitcoin cannot be considered a currency because it does not have these three characteristics. Of course, the presented report did not go into details and clearly imagined the lack of these three characteristics of money.<\/p>\n<p style=\"text-align: justify;\">This may seem a bit strange. In the rest of the report, it is concluded without explanation that Bitcoin is not money or currency. Then, rejecting this issue, he quickly pointed out whether Bitcoin is an asset class or not. That is, can you use it as an asset of value or a store of value?<\/p>\n<p style=\"text-align: justify;\">In the Goldman Sachs report, entering the Bitcoin market and buying it was considered inappropriate for investors. Also, in the following, the questions about considering Bitcoin as a currency were answered negatively.<\/p>\n<p style=\"text-align: justify;\">On the other hand, based on the high volatility of Bitcoin and illegal activities on its network, according to this report, it is not recommended for investors to enter the Bitcoin market. But what is strange about this issue was the failure to go into details in this report and the proof of assuming that Bitcoin does not have three characteristics; Perhaps in the future, without explaining the result of the report, the rejection of Bitcoin as a currency or money was announced.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a4e2861 e-flex e-con-boxed e-con e-parent\" data-id=\"a4e2861\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d2d5ad9 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"d2d5ad9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-1024x512.jpg\" class=\"attachment-large size-large wp-image-11453\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u063a\u06cc\u06cc\u0631-\u0646\u0638\u0631-\u06af\u0644\u062f\u0645\u0646-\u0633\u0627\u06a9\u0633-\u062f\u0631\u0628\u0627\u0631\u0647-\u06a9\u0631\u06cc\u067e\u062a\u0648\u0647\u0627-\u062f\u0631-2023.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-134f15e e-flex e-con-boxed e-con e-parent\" data-id=\"134f15e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d957b1 elementor-widget elementor-widget-text-editor\" data-id=\"1d957b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Goldman_Sachs_Change_of_Mind_on_Cryptos_in_2023\"><\/span>Goldman Sachs Change of Mind on Cryptos in 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Currently, the latest Goleman Sachs report is for 2023. In this report, we see the general change of opinion of Goldman Sachs regarding cryptos. In a way that Goldman Sachs has accepted cryptos as a medium of exchange. Alabar has introduced these cryptos as a medium of exchange that you can consider as an investment in your portfolio.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b1a2f0c e-flex e-con-boxed e-con e-parent\" data-id=\"b1a2f0c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-89179ce e-con-full e-flex e-con e-child\" data-id=\"89179ce\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-404da8c e-con-full e-flex e-con e-child\" data-id=\"404da8c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-bdfd1fe e-flex e-con-boxed e-con e-child\" data-id=\"bdfd1fe\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-976b4de elementor-widget elementor-widget-text-editor\" data-id=\"976b4de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><span style=\"color: #ffffff;\"><a style=\"color: #ffffff;\" title=\"Download the 2023 Goldman Sachs report file\" href=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/Goldman-Sachs-report-on-Cryptos-2023.pdf\">Download the 2023 Goldman Sachs report file<\/a><br \/><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f1d24aa e-con-full e-flex e-con e-child\" data-id=\"f1d24aa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c2a1de0 e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"c2a1de0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;zoomIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4624b42 elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-widget elementor-widget-blockquote\" data-id=\"4624b42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tWe also saw in an interview that it was stated that the years 2024 and 2025 will be the golden years for cryptos.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>On May 27, 2020, a report was presented by Goldman Sachs, a famous American investment banker. In this report, a negative opinion was presented on Bitcoin, and friends considered this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowycW7DA:productID":"","footnotes":""},"categories":[44],"tags":[],"class_list":{"0":"post-13050","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-videos"},"_links":{"self":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/13050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/comments?post=13050"}],"version-history":[{"count":0,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/13050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/media\/11441"}],"wp:attachment":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/media?parent=13050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/categories?post=13050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/tags?post=13050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}