Goldman Sachs estimates that cryptocurrency crypto currencies will soon fall or fall. In fact, the value of digital money is estimated to reach the lowest point at zero.
Goldman Sachs global investment research director Steve Strongin said that crypto-escalation has no "intrinsic value". According to him, it is unlikely that digital currencies will survive in the long run, as happened on "bubble internet in the late 1990s".
what if it really happened?
What we will do?
According to him, with many people who have made a profit in the digital currency, the potential for depreciation must be taken into account. "And because of the lack of intrinsic value, the unsustainable currency is likely to trade to zero," he explained.
Goldman's research comes after a massive sell-off in the crypto market for the last few days, with its lowest point two days ago, bringing the valuation down to $ 550 billion. Bitcoin even slumped below $ 6,000 for the first time since November.