Someone who gets it 👇🏾 John Haar, a former asset manager at Goldman Sachs, believes the lack of support from “legacy finance” for Bitcoin stems from a poor understanding of the cryptocurrency.
John Haar, a former asset manager at financial institution Goldman Sachs believes the lack of support from “legacy finance” for Bitcoin stems from a poor understanding of the cryptocurrency.in an essay on Sunday, which was originally sent to private clients of Bitcoin brokerage platform Swan Bitcoin. Haar previously spent 13 years at Wall Street asset management giant Goldman Sachs, before joining Swan Bitcoin as managing director of Private Client Services in April 2022.
“After many conversations, I can say that if there are people in legacy finance who have a well-researched stance on why Bitcoin is not a good form of money or why Bitcoin will not succeed, I was not able to find them.” He believes that the history and fundamentals of Bitcoin made him excited to discuss it with anyone, adding that Bitcoin “improves upon gold's shortcomings.”
“It’s much more common for one to pretend to be well-versed on a given topic and take a strong opinion regardless of one’s underlying knowledge — and this is especially true for a topic that touches the world of investing.”, people generally following the consensus, only thinking about its application in developed countries, and a desire to maintain the status quo are also contributing factors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is Bitcoin really a hedge against inflation?Despite the 2022 major correction, Bitcoin is still performing as a hedge against inflation, says Steven Lubka from Swan Bitcoin.
Read more »
Is Bitcoin a better inflation hedge than gold?Thanks to DzambhalaHODL for coming on to talk more with Cointelegraph’s PigniGiovanni about $BTC, recent news updates and where on the spectrum the crypto asset class lands.
Read more »
Kristen Bell shares rare glimpse of her daughters in new family vacation photosThe actor and her husband, Dax Shepard, took daughters Lincoln and Delta on a fun getaway to Swan Valley, Idaho.
Read more »
Is Bitcoin a better inflation hedge than gold?Thanks to DzambhalaHODL for coming on to talk more with Cointelegraph’s PigniGiovanni about $BTC, recent news updates and where on the spectrum the crypto asset class lands.
Read more »
The Best Street Style Looks From Copenhagen Fashion Week Spring 2023There's a reason why we always look to Copenhagen Fashion Week's street style to see what's next when it comes to getting dressed.
Read more »
Better Call Saul Almost Had A Very Different EndingBetterCallSaul ended on a bittersweet note, but according to co-creator Peter Gould, it nearly had an even colder conclusion. 👀
Read more »