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Goldman Sachs Launches Data Service to Help Investors Analyze Cryptocurrency Markets

Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze cryptocurrency markets. The new system is “designed to provide a consistent and standardized way to help market participants visualize and analyze the digital asset ecosystem,” Goldman said.

The New Goldman Sachs Cryptocurrency Ranking System

Global investment bank Goldman Sachs on Friday announced “the launch of Datonomy, a new ranking system for the digital asset market,” in collaboration with global index provider MSCI and crypto data firm Coin Metrics. Ad details:

The new digital asset rating framework is designed to provide investors, service providers, developers, and researchers with a way to help monitor market trends, analyze portfolio risk and returns, and help create new products.

“Delivered as a new data service, Datonomy classifies coins and tokens based on how they are used,” the investment bank explained, adding that the new system can be accessed as a data subscription feed directly from Goldman Sachs. , MSCI and Coin Metrics.

For example, Datonomy divides digital currencies into transfer of value currencies and specialized currencies. The latter is subdivided into Meme Coins, Privacy Coins and Remittance Coins.

Decentralized finance (defi) and Metaverse are among the digital asset apps listed on Datonomy. Defi applications are divided into decentralized exchanges, derivatives trading, decentralized lending, stablecoin issuers, forecast markets, asset management, crowdfunding, and insurance. Metaverse applications are divided into virtual worlds, games, and non-fungible ecosystems (NFTs).

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Goldman Sachs urges investors to buy commodities now; expect stocks to suffer as inflation remains high

Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The company’s analysts see commodities as “the best asset class to own later in the cycle, where demand remains above supply.” Meanwhile, “stocks may take a hit as inflation remains high and the Fed is more likely to surprise on the aggressive side,” Goldman noted.

Goldman Sachs Recommendation: Buy Commodities Now

Global investment bank Goldman Sachs has recommended that investors buy commodities. In a note titled “Buy Commodities Now, Worry About Recession Later,” published on Monday, Goldman wrote: “Our economists view the risk of a recession outside of Europe in the next 12 months as relatively low.” Company analysts including Sabine Schels, Jeffrey Currie and Damien Courvalin explained:

With oil a commodity of last resort in an era of severe energy shortages, we believe the downturn in the entire oil complex offers an attractive entry point for long-term investment.

In the US, Federal Reserve Chairman Jerome Powell said last week: “We are taking strong and swift action to moderate demand to better align with supply and keep inflation expectations anchored. We will continue this way until we are sure the job is done.”

Furthermore, European Central Bank (ECB) board member Isabel Schnabel noted on Saturday that central banks around the world are at risk of losing public confidence and must now act forcefully to combat inflation, including if you drag your savings into a recession.

“From a cross-asset perspective, equities may suffer as inflation remains elevated and the Fed is more likely to surprise on the aggressive side,” Goldman analysts further noted, explaining:

Commodities, on the other hand, are the best asset class to own later in the cycle, where demand remains above supply.

The final phase of the cycle normally implies an increase in inflationary pressures and an economy that exceeds the maximum rate of economic growth.

Goldman Sachs also warned: “We recognize that the macroeconomic environment remains challenging and the US dollar could rise further in the near term.”

Currie, who heads commodity research at Goldman Sachs, believes recessions are a natural part of a prolonged commodity supercycle. He told Reuters in November last year: “We expect a structural bull market in commodities, very similar to what we saw in the 2000s or 1970s.”

The analyst told CNBC in June that we are at the start of a commodity supercycle. “This is the first round of a commodity super cycle, it’s not just oil and gas, it’s metals, it’s mining, it’s agriculture, because the sector has suffered from over a decade of underinvestment,” he said.