💰 Financial Record

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Transaction Details

Amount

USD $1,012.0

Payer (From)

Market Value Linked to Market value

Payee (To)

Market Value Linked to Market value

Transaction Date

January 01, 0002

Description

Value of 1 Bitcoin

Additional Details

Date string: January 2nd 2017

Amount string: 1012

Source document: HOUSE_OVERSIGHT_025677.jpg

📄 Source Document

HOUSE_OVERSIGHT_025677.jpg

ESTATE Collection

View Document

Document Summary

A Goldman Sachs Investment Management Division presentation slide discussing why Bitcoin is an unreliable unit of account. It uses the purchasing power of Bitcoin relative to Bosch dishwashers between January and November 2017 to illustrate 'severe deflation' of the currency, arguing that this volatility encourages hoarding rather than spending. The document bears a House Oversight Committee Bates stamp (HOUSE_OVERSIGHT_025677).

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