Skip to content
Subscriber Only

Goldman Says the Bitcoin Haters Just Don’t Get It

  • Goldman’s Currie says lack of liquidity driving volatility
  • ‘I don’t see why there is all this hostility’ to bitcoin
Bloomberg business news
Updated on

Bitcoin is a commodity with many similarities to gold, and the volatility that has sparked investor concern stems mainly from its lack of liquidity, said Jeff Currie, global head of commodities research for Goldman Sachs Group Inc.

“I don’t see why there is all this hostility to it,” Currie said in an interview on Bloomberg Television. Bitcoin is “not much different than gold” because it doesn’t have liability attached to it by definition, like a security.