Debunking Goldman Sachs Bitcoin Thesis with Bill Barhydt - WBD227

Debunking Goldman Sachs Bitcoin Thesis with Bill Barhydt - WBD227

Location: Zoom Date: Thursday 28th May Project: Abra Role: Founder & CEO

This week, Goldman Sachs held an investment advisory call for its clients during which it slammed Bitcoin as an investment and refused to accept it as an asset class.

Goldman's take on Bitcoin was in equal parts bearish and ignorant, with the investment bank listing five reasons for not classing Bitcoin as an asset or a suitable investment:

  • Bitcoin does not generate cash flow like bonds.

  • Bitcoin does not generate any earnings through exposure to global economic growth.

  • Bitcoin does not provide consistent diversification benefits given its unstable correlations.

  • Bitcoin does not dampen volatility given historical volatility of 76%. Goldman points to March 12 when bitcoin fell 37%.

  • Bitcoin does not show evidence of hedging against inflation.

Goldman raised numerous regularly debunked points as a negative, from scarcity to hard forks to illicit use cases, and compared Bitcoin to the Tulip mania of the 17th century.

Godman's investor call is not Bitcoin's first time Wall Street has challenged Bitcoin. In 2017 Jamie Dimon, the CEO of JP Morgan called Bitcoin a fraud and Warren Buffet has called all cryptocurrencies worthless. So why do some on Wall Street refuse to accept Bitcoin? Is it down to ignorance or does Bitcoin threaten their business model?

In this interview, I am joined by Bill Barhydt, the CEO and Founder of Abra. We discuss and debunk Goldman Sachs' arguments against Bitcoin as well as the reasons behind their lazy research.

Hosted on Acast. See acast.com/privacy for more information.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(1079)

#201 - Connor Leahy - The AI That Escaped: Inside OpenAI's Rogue Agent Incident

#201 - Connor Leahy - The AI That Escaped: Inside OpenAI's Rogue Agent Incident

Connor Leahy has spent his career at the frontier of AI, from reverse-engineering GPT-2 as a student and co-founding EleutherAI to building the AI safety company Conjecture. He now leads US policy wor...

14 Aug 1h 9min

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

Sebastian Thrun has spent his career working on technologies that once sounded like science fiction, from self-driving cars and flying vehicles to online education and artificial intelligence. He now ...

11 Aug 1h 34min

#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

Aubrey de Grey believes ageing is accumulated damage in a biological machine and argues that medicine may eventually become capable of repairing that damage faster than it appears. He gives humanity a...

6 Aug 1h 17min

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

Michael Shermer is the founding publisher of Skeptic magazine, host of The Michael Shermer Show and author of Truth and Conspiracy. He joins Peter to ask whether we are really living in a post-truth w...

4 Aug 1h 27min

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

Brian Keating joins me to explore one of the deepest unanswered questions in physics: what is time, and why does it only appear to move in one direction? Brian argues that time may not exist as a fund...

30 Juli 1h 39min

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

Sam Bowman joins me to discuss why Britain is approaching two lost decades of stagnant median wages and why the country is now far poorer than it should be. Sam argues that Britain does not lack talen...

28 Juli 2h 9min

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

Britain did not simply leave its working class behind. Sociologist Lisa McKenzie and historian and former coal miner Keith Gildart argue that political and economic decisions deliberately dismantled t...

25 Juli 2h 13min

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

Charles Goodhart joins me to discuss why Britain’s decline did not start in 2008, why the post-war economic boom may have been a temporary lucky era and why the next 30 to 40 years could be far harder...

21 Juli 1h

Populärt inom Politik & nyheter

aftonbladet-krim
p3-krim
rss-krimstad
aftonbladet-daily
svenska-fall
flashback-forever
rss-sanning-konsekvens
rss-krimreportrarna
motiv
politiken
rss-vad-fan-hande
tv4-nyheterna-story
svd-ledarredaktionen
de-fyras-gang
mannen-utan-spar
spar
rss-flodet
fordomspodden
rss-frandfors-horna
rss-expressen-dok