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Bitcoin too important to ignore as Goldman Sachs adds the asset to its year-to-date asset returns report

Published 04/19/2021, 06:59 AM
Updated 04/19/2021, 07:00 AM
Bitcoin too important to ignore as Goldman Sachs adds the asset to its year-to-date asset returns report

Back in March, a French economist and Deutsche Bank (DE:DBKGn) analyst Marion Laboure published a report stating that Bitcoin is now “too important to ignore.” The analyst was one of Bitcoin’s early critics. The same can be said of Goldman Sachs (NYSE:GS), an American banking giant that ridiculed Bitcoin for several years.

Ironically, Goldman Sachs and several other traditional firms are turning to embrace Bitcoin, a signal of the imminent mainstream adoption of Bitcoin.

That being said, Goldman Sachs has added Bitcoin to its year-to-date asset returns report. And interestingly, the leading cryptocurrency occupies the top spot with over 100% early returns.

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