Is crypto heading to zero? That’s beside the point

Is crypto heading to zero?

In a recent Bloomberg op-ed Goldman Sachs Group Inc.’s global head of investment research, Steve Strongin, warned investors  that their crypto holdings could be about tank in value. The piece says: "Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value.” It’s a provocative prediction. Cryptocurrencies are in scarce supply, which is one of the fundamental attributes that gives precious metals and...