Goldman On How Bitcoin Gets To $100,000
Bitcoin came into 2022 nursing what, for any regular asset, would count as a grievous
Bitcoin came into 2022 nursing what, for any regular asset, would count as a grievous
“We have compared bitcoin and ether… to the Gouda variety of tulip bulbs”.
“It’s critical for major clearing firms like Goldman to be prepared.”
Spoiler alert…
And when “presented” with that opportunity in an environment where trading revenues are drying up, you can bet the whales and squids are going to come knocking demanding their “fair” share of the action.
Not to put too fine a point on it, but this gets more insane literally by the minute.
Draw your own conclusions.
“One of the main uses of Bitcoin is as a vehicle to perpetrate fraud.”
Submitted for your approval…
“An understanding of the physical nature of Bitcoin allows us to revisit our previous analysis of the physical characteristics of precious metals, comparing and contrasting them with cryptocurrencies.”
“Still thinking about #Bitcoin.”
“In response to client interest in digital currencies we are exploring how best to serve them in this space.”
Time and again over the years, I’ve argued that the volatility associated with Bitcoin makes
When Ray Dalio told CoinDesk’s Chief Content Officer that he (Dalio) owns “some Bitcoin,” the
“Does any innovation in the crypto ecosystem look promising to you?,” Goldman’s Allison Nathan asked
What is a “bubble” and are we in one? Those two questions are a perennial
For as long as I can remember (which, admittedly, isn’t usually very long given that
“Investors” are flocking to Bitcoin as fears of currency debasement grow. That’s this week’s cryptocurrency
I always hesitate before putting digital pen to digital page if the subject is Bitcoin.
For years, I have implored cryptocurrency advocates to take a step back and reflect on
“The narrative of Main Street weakness versus Wall Street asset inflation is misleading”.
But here’s the thing. I’ve got to tell you that I don’t think I have ever witnessed anything that is as absurd/insane as the cryptocurrency mania.
And there you go. Another way for cryptocurrencies to morph into a systemic risk…
The “revolution” has seen better days.
…what we wanted to point out are the multiple layers of irony here.
That’s some rough shit right there, and it underscores just how dire the situation had become when the bank embarked on an effort to turn things around after an abysmal Q2 performance.Â
It applies “to all accounts and precludes the firm’s roughly 17,000 advisers from pitching bitcoin-related investments [and from] executing client requests to trade GBTC.”
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