Goldman Sachs Now Considers Bitcoin as New Asset Class

Goldman Sachs has officially labeled bitcoin as an investable asset.According to Mathew McDermott, Goldman's global head of digital assets, the choice to now consider bitcoin a new investable asset class is largely due to the currency's own "idiosyncratic risk, partly because it's still relatively new and going through an adoption phase. And it doesn't behave as one would intuitively expect relative to other assets given the analogy to digital gold; to date, it's tended to be more aligned with r...