Goldman takes a swipe at crypto, but maybe they’re better off apart

Crypto needs an antagonist, right?

Until recently, that role seemed to be filled by JPMorgan Chase CEO Jamie Dimon, who, as recently as 2017, called bitcoin “a fraud” and said he would fire “in a second” anyone at JPMorgan found to be trading in the digital currency. “You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” he told The Guardian.

Ever since the nation’s largest bank this month revealed it is extending banking services to bitcoin exchanges Gemini and Coinbase, perhaps crypto enthusiasts have felt a void in the shape of a prominent detractor.

Bitcoin enthusiasts’ hopes were high over speculation Goldman Sachs might endorse cryptocurrencies in a report on the state of the economy. Instead, the investment bank seemed to reverse course again and blasted the digital tokens over their volatility, labeling them unsuitable investments for the bank’s clients.

“We…