Goldman Sachs Weighing in on Bitcoin is Good NewssteemCreated with Sketch.

in crypto •  7 years ago 

From my long history as an investor, I was always interested in Goldman Sachs' comments and how they have effected stocks and commodities. This is the wealthiest self interest group in the world in my estimation, and they have been caught several times for nefarious activities related to their position in various markets, and have always gotten away with inconsequential fines when they are caught. When they weighed in on Bitcoin this week, it got me very excited for one reason. It was not until instruments became available to short Bitcoin that Goldman has come out with their negative tone on the coin and the cryptocurrency market itself. I believe they have probably loaded up on a hefty short position, and are once again using their influence to try to make a buck. This is what I believe is contributing to the more recent volatility will create a new pop for those of long Cryptocurrencies in the short term. For one, I believe they would love to get their hands on Bitcoin at a lower price and also profit from it's trading volitality. What do you think?

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