Investment bank Goldman Sachs recently held two roundtable sessions for chief investment officers of hedge funds, which said bitcoin is their least favorite investment (35 percent), followed by new IPOs (25 percent), and rate-sensitive investments (20 percent), according to media outlets. But the bank favors the asset.
It was noted that aside from growth style (55 percent), the 25 CIOs attendees also favored the value style (30 percent), as well as the commodities (10 percent).
Unlike the surveyed CIOs, the analysts at Goldman Sachs are bullish when it comes to bitcoin and the outlook, recently declaring bitcoin is actually an investable asset and considered a new asset class. The analysts at Goldman Sachs also recently stated that fear of missing out is now driving institutional investors to the new cryptocurrency.
"Bitcoin is now considered an investable asset. It has its own idiosyncratic risk, partly because it’s still relatively new and going through an a
