Oh, so now Goldman Sachs is flip-flopping again? Bitcoin is in a bubble?
Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so http://www.businessinsider.com/goldman-sachs-outlook-for-bitcoin-and-ethereum-2018-2"And we show the returns of cryptocurrencies against other asset classes that have been in bubble territory. So for example, we compare it to the TOPIX in 1990. We compare it to the Nasdaq in 2000. And what you can see is that, basically, these other big bubbles that we've had look like a flat line, even compared to tulip bulb prices, tulip mania in the 1600s, which was a bubble. We always talk about tulip mania. The bitcoin prices are astronomical. Then we compare that to Ether, and Ether is even more astronomical. So clearly, these valuations don't make sense to us. In addition, we think that these currencies have major shortcomings. Is there room for a digital currency, maybe sponsored by one of the major central banks like the Federal Reserve? Yes. Could it be incredibly useful? Could it reduce transaction costs? Yes. But not these ones. "
Ah yes, bringing up Tulip Mania and a potential future FedCoin all in the same article. How wonderful!