Goldman Sachs Group Inc.'s (NYSE:GS) Sharmin Mossavar-Rahmani, who is the chief investment officer of the private wealth management group at the investment bank, thinks that Bitcoin ETF approval does not make the cryptocurrency a legitimate investment option.
What Happened: Mossavar-Rahmani likened investing in Bitcoin (CRYPTO: BTC) to visiting Las Vegas and betting.
"If you want to go to Las Vegas, great," she said, according to a report by The Wall Street Journal.
See Also: Bitcoin Hangover After ETF Party: Were Bulls Blinded By Hype?
Just like betting, she considers Bitcoin as a "total speculation" avenue, not for serious investing.
"People can use it if they want for total speculation, but it is not an investment, and people should not be investing in cryptocurrencies, in ...