Log in

News

Goldman Sachs believes Bitcoin & Gold can co-exist

Updated: Aug 31, 2024
Published: Dec 18, 2020
0
Share:

First reported by Bloomberg, Sachs wrote: “We do not see evidence that Bitcoin’s rally is cannibalizing gold’s bull market and believe the two can coexist”

Post Feature Image

Goldman Sachs Reassure Investors 

In a note to investors this morning, global investment bank Goldman Sachs dampened fears that cryptocurrency colossus Bitcoin could nullify the demand for seasoned store-of-value asset Gold, reinforcing the rhetoric that both assets can co-exist in the market.

 

Safe-Haven Competition

Bitcoin has been long dubbed ‘digital gold’ in an attempt to simplify its utility as an asset of value for cryptocurrency illiterates and traditional financial entities. However, its unique features of decentralisation, immutability and scalability far surpass the limitations of its predecessor.

As a result, many institutional firms including Grayscale, Tudor Investment, MassMutual and MicroStrategy have made substantial investments, additionally hedging their portfolios against the economic downturn of the global pandemic.

Grayscale's 'Drop Gold' television advert encouraging investors to switch Gold for Bitcoin caused controversy amongst traditional investors when published in May 2019. At the time, Bitcoin was valued at $5375.

 

Price Comparisons

Bitcoin (BTC) soared to historic all-time-highs this week above $20,000, registering a peak of $23,777 according to data from cryptocurrency exchange Bitstamp. This put the asset up 218% in year to date (YTD) analysis.

In contrast, Gold has recorded a 24% YTD growth, but is down 9.2% since record highs in early August this year.

In the note, Sachs assured investors:

“Gold’s recent underperformance versus real rates and the dollar has left some investors concerned that Bitcoin is replacing gold as the inflation hedge of choice… “we do not see Bitcoin’s rising popularity as an existential threat to gold’s status as the currency of last resort.”

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Passive income: 2 single-sided yields on SOL with up to 70% APY
PRO
Research Report
Passive income: 2 single-sided yiel...We came across two yield setups on Solana that just make sense: easy to run, strong returns, and ful...
7 min read
Oct 29, 2025