Dutch Footballer Says “Don’t Wait to Buy Bitcoin” While Goldman Issues a Warning
In this green week, Bitcoin pushed even higher, going to about $38,750.
Starting the week around $32,000, today we are trading around $37,000, still less than 12% away from its all-time high of $42,000 hit on Jan. 8.
As Bitcoin gets back to pushing higher, Dutch professional footballer Ryan Guno Babel showed his interest in the leading digital cryptocurrency as he tweeted,
“Don’t wait to buy Bitcoin; buy bitcoin and wait.”
Celebrities started taking a keen interest in Bitcoin last year as the digital asset goes on a wild run. Russell Okung of the NFL is actually benign and collects half of his salary in BTC.
Meanwhile, Goldman Sachs Group’s Sharmin Mossavar-Rahmani says the wild swings in the price of Bitcoin only proves it’s not a real unit of value.
“Something with a long-term volatility of 80% can’t be considered a medium of exchange,” said Rahmani, head of the investment strategy group for the bank’s consumer and investment-management division. She also compared the cryptocurrency’s spikes to the recent run-up in GameStop shares.
Recently, as we reported, Michael Saylor, chief executive of MicroStrategy, said that Bitcoin is not a currency and isn’t going to replace dollars; rather, it captures the share of gold as a store of value.
For Rahmani, the leading digital currency isn’t a store of value either. “Just because everybody piles into an idea and talks it up doesn’t mean it’s a store of value,” she said during a briefing Wednesday on the group’s 2021 outlook.
However, she does believe blockchain technology “is here to stay.” The technology, she said, could facilitate a smoother flow of global assets. She even sees it becoming a part of the financial infrastructure.
While the banking giant’s strategist isn’t interested in Bitcoin, there have been reports of the bank requesting information to at least one crypto custodian at the end of last year.