Unpopular pedantic opinions, and don't sleep on asset-backed open finance

DeFi ProtocolsMay 29, 2020, 7:04AM EDT
UPDATED: March 10, 2022, 5:03PM EST
Unpopular pedantic opinions, and don't sleep on asset-backed open finance
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By now everyone has given their Goldman Sachs take in response to the firm's painfully tired use of pre-2017 arguments against bitcoin in its hotly-anticipated client-facing call on the US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin (can view the deck here). But here's mine: contrary to what the tweets and headlines will tell you, this call was not fully representative of what "Goldman Sachs really thinks of bitcoin."

Rather, the presentation was more akin to "Leaked documents show what Goldman Sachs junior/mid-level wealth management analyst, tasked with throwing together a justification for recommending client portfolios not hold Bitcoin, thinks of Bitcoin." There, I fixed it for you Fortune.

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