“Something with a long-term volatility of 80% can't be considered a medium of exchange. Just because everybody piles into an idea and talks it up doesn't mean it's a store of value.”
Sharmin Mossavar-Rahmani, Head of Consumer and Investment Management, Goldman Sachs · Bitcoin since: +73%
As published by Newsweek
Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says ↗
A little perspective.
Bitcoin on that day$46,436February 8, 2021
$100 at that price$173.00At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says” — Sharmin Mossavar-Rahmani, Newsweek, February 8, 2021. Bitcoin: $46,436.09. https://bitcoindeaths.com/posts/2021-02-08-bitcoin-too-volatile-to-be-medium-of-exchange-goldman-sachs-says