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Presentation slide / financial analysis
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834 KB
Summary
A presentation slide from the Goldman Sachs Investment Management Division titled 'Key Takeaways' regarding digital assets. The document outlines the firm's stance that while blockchain technology is revolutionary, current cryptocurrencies are too volatile to function as currency and will likely be replaced by central bank digital currencies. The document includes a Bates stamp (HOUSE_OVERSIGHT_025688), indicating it was part of a document production to the House Oversight Committee, likely related to investigations into financial institutions.
Organizations (4)
Key Quotes (3)
"Blockchain technology, which underlies cryptocurrencies, is revolutionary, and likely to have many applications."Source
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Quote #1
"Cryptocurrencies are currently too volatile to be a medium of exchange, unit of account, or store of value, and have many vulnerabilities."Source
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Quote #2
"The current incarnation of cryptocurrencies is unlikely to persist, but we expect central bank digital currencies to prevail."Source
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Quote #3
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Complete text extracted from the document (576 characters)
Key Takeaways
Investment Management Division
Goldman Sachs
Investment Management Division
Goldman Sachs
▪ Blockchain technology, which underlies cryptocurrencies, is revolutionary, and likely to have many applications.
▪ Cryptocurrencies are currently too volatile to be a medium of exchange, unit of account, or store of value, and have many vulnerabilities.
▪ The cryptocurrency ecosystem will evolve substantially over time.
▪ The current incarnation of cryptocurrencies is unlikely to persist, but we expect central bank digital currencies to prevail.
Source: Investment Strategy Group.
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