Thread by @montymetzger, In today's client call @GoldmanSachs said #Bitcoin is not an asset [...]

In today& #39;s client call @GoldmanSachs said #Bitcoin

https://abs.twimg.com/hashflags... draggable="false" alt=""> is not an asset class.

is not an asset class." title="In today& #39;s client call @GoldmanSachs said #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> is not an asset class.">

In particular @GoldmanSachs said that Cryptocurrencies:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚫" title="No entry sign" aria-label="Emoji: No entry sign"> Do Not Generate Cash Flow Like Bonds

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚫" title="No entry sign" aria-label="Emoji: No entry sign"> Do Not Generate any Earnings Through Exposure to Global Economic Growth

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚫" title="No entry sign" aria-label="Emoji: No entry sign"> Do Not Provide Consistent Diversification Benefits Given Their Unstable Correlations

David Solomon, CEO at @GoldmanSachs, said Goldman is exploring the potential of tokenization and stablecoins as part of its efforts to modernize the legacy payment systems. Goldman Sachs is looking into using blockchain to digitize assets. https://www.financemagnates.com/cryptocurrency/news/goldman-sachs-bets-on-tokenization-and-stablecoins-says-ceo/">https://www.financemagnates.com/cryptocur...

Goldman Sachs Bets on Tokenization and Stablecoins, Says CEO

Goldman Sachs CEO looked to clear the air about the bank’s cryptocurrency ambitions after speculation has swirled for months about its real intentions.

https://www.financemagnates.com/cryptocurrency/news/goldman-sachs-bets-on-tokenization-and-stablecoins-says-ceo/

As @Harvard @HarvardHBS point out already in 2018 "Blockchain Powered Asset Tokenization Protocols Threaten Goldman Sachs’ Investment Banking Business" https://digital.hbs.edu/platform-rctom/submission/blockchain-powered-asset-tokenization-protocols-threaten-goldman-sachs-investment-banking-business-2/">https://digital.hbs.edu/platform-...

Blockchain Powered Asset Tokenization Protocols Threaten Goldman Sachs’ Investment Banking Business...

Tokenization of assets, including equity and debt, will disrupt investment banking.

https://digital.hbs.edu/platform-rctom/submission/blockchain-powered-asset-tokenization-protocols-threaten-goldman-sachs-investment-banking-business-2/

Security Tokens will

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> Do Generate Cash Flow Like Bonds

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> Do Generate any Earnings Through Exposure to Global Economic Growth

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> Do Provide Consistent Diversification Benefits Given Their Unstable Correlations
#Tokenization

Latest Threads Unrolled: