Back in March, a French economist and Deutsche Bank (DE:DBKGn) analyst Marion Laboure published a report stating that Bitcoin is now “too important to ignore.” The analyst was one of Bitcoin’s early critics. The same can be said of Goldman Sachs (NYSE:GS), an American banking giant that ridiculed Bitcoin for several years.
Ironically, Goldman Sachs and several other traditional firms are turning to embrace Bitcoin, a signal of the imminent mainstream adoption of Bitcoin.
That being said, Goldman Sachs has added Bitcoin to its year-to-date asset returns report. And interestingly, the leading cryptocurrency occupies the top spot with over 100% early returns.
Goldman Sachs has added #Bitcoin on its YTD asset returns report. Imagine being a Fund Manager who ridiculed #Bitcoin for 10 years - now having to look at those gainz every week!