{"id":43927,"date":"2021-06-08T10:57:23","date_gmt":"2021-06-08T07:57:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43927"},"modified":"2025-08-31T14:37:55","modified_gmt":"2025-08-31T11:37:55","slug":"goldman-sachs-hedge-funds-cool-on-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/goldman-sachs-hedge-funds-cool-on-bitcoin\/","title":{"rendered":"Goldman Sachs: Hedge funds cool on Bitcoin"},"content":{"rendered":"<p>Bitcoin has become the least attractive asset among hedge fund executives and structures that hold only long positions. The data come from a Goldman Sachs survey, reported by <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-06\/bitcoin-drops-amid-weibo-crypto-suspensions-goldman-cio-survey\\\">Bloomberg<\/a>.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;At the start of last week, we held two roundtables with 25 investment directors from various long-term-oriented structures and hedge funds. They prefer growth assets, with Bitcoin the least attractive instrument,&#8221; said Goldman Sachs strategist Timothy Moe, as quoted by the publication.<\/p>\n<\/blockquote>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"362\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/goldman-1024x362.png\\\" alt=\\\"Goldman Sachs: \u0445\u0435\u0434\u0436-\u0444\u043e\u043d\u0434\u044b \u043e\u0445\u043b\u0430\u0434\u0435\u043b\u0438 \u043a \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0443\\\" class=\\\"wp-image-138199\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/goldman-1024x362.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/goldman-300x106.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/goldman-768x271.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/goldman.png 1259w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Most and least attractive investments among CIOs. Data: Goldman Sachs, Bloomberg.<\/figcaption><\/figure>\n<p>In addition to growth-capital strategies, which are used by more than 50% of respondents, the <span data-descr=\\\"chief investment officer\\\" class=\\\"old_tooltip\\\">CIO<\/span> teams favour <a href=\\\"https:\/\/www.investopedia.com\/terms\/v\/valueinvesting.asp\\\">value investing<\/a> (30%) and commodities (10%).<\/p>\n<p>35% of respondents named Bitcoin the least attractive investment asset. Second place in the anti-rating was investments in new <span data-descr=\\\"initial public offering\\\" class=\\\"old_tooltip\\\">IPO<\/span> (25%), third \u2014 <a href=\\\"https:\/\/financial.math.ncsu.edu\/glossary-q-r\/rate-sensitive-assets-rsa\/\\\">rate-sensitive assets<\/a> (20%).<\/p>\n<p>In May a Bank of America survey showed that a long Bitcoin position was the most popular among traders. In January, in a similar study, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-buying-becomes-more-popular-than-long-tech-stock-bets\">the purchase of digital gold outpaced long positions in tech stocks<\/a>.<\/p>\n<p>As Colin Wu reports, after <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-33000\">the recent decline in the price<\/a> the return on investment in Bitcoin since the start of 2021 was only 14%, lower than that of the <a href=\\\"https:\/\/www.bloomberg.com\/quote\/BCOMSP:IND\\\">Bloomberg Commodity Spot Index<\/a>.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Bloomberg: After today\u2019s decline, the return on investment of Bitcoin since 2021 is only 14%, which is lower than most mainstream assets. <a href=\\\"https:\/\/t.co\/YgjeVBiala\\\">pic.twitter.com\/YgjeVBiala<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\\\"https:\/\/twitter.com\/WuBlockchain\/status\/1402163137063768070?ref_src=twsrc%5Etfw\\\">June 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>As reported, Goldman Sachs <a href=\"https:\/\/u1f987.com\/en\/news\/media-goldman-sachs-recognises-cryptocurrencies-as-an-asset-class-in-new-report\">acknowledged cryptocurrencies as a new asset class<\/a>. Analysts noted that Bitcoin has a habit of recovering to new highs, despite deep price declines.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has become the least attractive asset among hedge fund executives and structures that hold only long positions. The data come from a Goldman Sachs survey.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,728,1156],"class_list":["post-43927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-goldman-sachs","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43927"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43927\/revisions"}],"predecessor-version":[{"id":43928,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43927\/revisions\/43928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}