Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each other.”
Goldman Sachs on Gold and Bitcoin
Damian Courvalin, Head of Energy Research at Goldman Sachs, talked about the outlook for gold and crypto in an interview with Bloomberg Thursday.
He was asked whether he sees any evidence of investors using other assets, including bitcoin and cryptocurrencies, to hedge against inflation other than gold. “I think it’s actually starting,” he replied, adding: “We’ve argued historically that crypto and gold do