The high volatility of bitcoin does not allow it to become a form of currency and makes it unsuitable for storing money, according to the investment bank Goldman Sachs.

“An ephemeral currency with long-term volatility of 80 percent cannot be considered as a form of payment,” stated Sharmin Mossavar-Rahmani, head of the investment and strategic group Goldman Sachs. She added that, despite widespread discussion in the media and active investment, cryptocurrency is not suitable for storing savings.

Tesla founder Elon Musk has a different point of view: he is confident that the most popular cryptocurrency will be widely recognized soon in the world of traditional finance. “At the moment, I think bitcoin is good. I do not have a clear opinion about other cryptocurrencies,” said the billionaire.