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‘It’s Like SPY For Cryptos’: Meet The 3 Ex-Goldman Bankers Behind A Crypto Index Fund
Well, leave it to a trio of former Goldmanites to launch the first cryptocurrency index fund aimed a
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too many ‘top o market’ stories to count! the only thing missing is the acutal turn….maybe around 1/8/18 ?
I’ve been tracking GBTC (http://on.mktw.net/2p7…) just for funzies after selling my BitCoin change a couple of weeks ago. GBTC been going down for three days now – down again today. It peaked at $3500 on Dec. 19, and today hit $2000 – a 42%+ decline in three days+. While there is no direct relationship between the value of GBTC stock and the price of BitCoin – I think think this might be predictive of crypto fatigue starting in the ADD trading public.
It looks like the Goldman boy’s are too late to the game. Everyone reachable in the digital world has now heard of BitCoin and cryptocurrency mania. The majority of those willing to take a flyer – have. This weakens any future rebounds and the BitCoin price elevator price rise (started plateauing about Dec. 6). At least until the memory of the current swoon has passed and or until sovereign treasuries start to use blockchain and making any practical legal advantages of private cryptocurrencies superfluous.
Thank Andrew Left I guess for GBTC