Goldman Sachs Questions Dollar’s Reserve Status: Bitcoin Is The Answer
The dollar’s reserve status is in question. There is only one answer: Bitcoin!
GOLDMAN SACHS QUESTIONS DOLLAR’S RESERVE STATUS; WHY BITCOIN IS THE ANSWER
A team of Goldman Sachs analysts and strategists told Bloomberg this week that global “debasement fears” surrounding the dollar are mounting. Ongoing stimulus efforts squandered global leadership, and the poor response to the pandemic has weakened the once-powerful national currency
The team, including top Goldman strategies Jeff Currie, says that there are “real concerns around the longevity of the US dollar as a reserve currency.”
Currie and his analysts have made bold calls in the past that have ultimately come true. A standout prediction made by the Goldman head of commodity research pointed to oil prices tanking to $20 a barrel.
The call was made in September 2019. Months after the prediction, oil prices met that once considered overzealous target amidst the quarantine earlier this year.
Currie and the team now point to gold as a potential “currency of last resort,” but they’re missing the more obvious solution: Bitcoin.