Per Mike Novogratz, the increasing institutional adoption of BTC shows its now an asset class.
Nouriel Roubini claimed the crypto sector lacks cash flow and utility and is thus not an asset class.
Michael Sonnenshein said anyone who understands crypto well sees its potential as an asset class.
Goldman Sachs, an American multinational investment bank, recently conducted research and found that the crypto space is now a new asset class. The financial institution shared the findings of the research through a report on May 21, noting that crypto is undoubtedly Top of Mind. Goldman Sachs’ research involved interviewing several industry experts to get their opinions on whether the crypto industry should be considered an institutional asset class.
Last Memorial Day, Americans were dizzy from the pandemic, recession and widespread shutdowns. But this May, life seems to be blooming again ahead of the unofficial start of summer.
Courtney Jespersen Of Nerdwallet
Shoppers exit a retail store in downtown Chicago, Ill., Saturday, May 22, 2021. For consumers shopping on Memorial Day this year, much of that shopping will happen online, as opposed to inside a physical store. But regardless of where you shop over the holiday weekend, there are plenty of ways to save money, including making a list ahead of time, setting a budget and spreading your search across a variety of stores. (AP Photo/Nam Y. Huh) May 25, 2021 - 4:47 AM
Last Memorial Day, Americans were dizzy from the pandemic, recession and widespread shutdowns.
Many had shopping for hand sanitizer and toilet paper on the brain.