Marc J.J. Fleury, the CEO of fintech company Two Prime, has responded to Goldman Sachs’ recent analysis of Bitcoin.
The multinational investment bank made a series of comments on the viability of Bitcoin as a potential investment.
It stated that it was still prone to uncertain market volatility, as demonstrated during the sell-off to $4,000 in March, while also adding that there was no evidence of it being a hedge to inflation.
Fleury took a more diplomatic approach, giving examples of how the report was wrong by listing how it can be a store of value.
“There are many forms of crypto — some of which are volatile, offering great upside potential (BTC, ETH); some are fully stable, offering downside protection (USDT); whereas others are balanced hybrids, offering both downside protection and upside potential (FF1 by Two Prime).” He said.
“As a store of value, cryptos have shined during the COVID-19 pandemic. With the ongoing monetary expansion, high net worth individuals and savers will be ill advised to ignore this numerus clausus asset class.”
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