Bitcoin has Dropped by 45% this Year, and Goldman Sachs Expects More

Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so far already this year.

Goldman Sachs Midyear Economic-Outlook Report

According to the bank’s investment strategy group, Bitcoin’s price has declined by 45% this year, and it’s not going to stop anytime soon.

Why, though? Sure, we’ve all seen the …