Bitcoin Banking And Apple Stocks
The U.S. Office of the Comptroller of the Currency ruled this week that banks are now able to hold cryptocurrencies like Bitcoin on behalf of their customers, Fortune reports. That is happening when Goldman Sachs is asking clients to steer clear of Apple stocks.
Cupertino was surely not amused by a Goldman Sachs note that advised investors to steer clear of Apple’s stock, citing concerns over an “unsustainable” share price that, as of Wednesday, had surged more than 70% from its March low. What’s more, ahead of Apple’s earnings call next Thursday, Goldman says it doesn’t expect the tech giant to provide an official guidance for the next quarter—blurring the pandemic’s impact on Apple’s business, and particularly on the upcoming launch of its next iPhone.