Goldman Asks: ‘Is Bitcoin The New Gold?’

And the debate continues.  This morning, Goldman beat on the FICC number which is something of a relief but don't let it be lost on you that the $1.45 billion in FI trading still represents a 26% drop from a year ago. That was due to “significantly lower” net revenue in commodities, interest-rate products and credit products. As we noted last week when JPMorgan's results showed a similarly steep decline in FICC sales & trading revenue, it might be time to start thinking about Bi