According to Bloomberg and Goldman Sachs Group Inc.’s global head of investment research, the tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse.
1. What are some of the signs that Steve Strongin notes about cryptocurrencies that worry him?
2. What was Strongin more upbeat about?
3. What does Strongin compare crytocurrencies to?
Nishizawa, K. (2018) Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says. Bloomberg, Feb. 6 (Retrievable online at https://www.bloomberg.com/news/articles/2018-02-07/get-ready-for-most-cryptocurrencies-to-hit-zero-goldman-says)