Enter the Vampire Squid...I'm not sure what is worse, the COMEX launch of Bitcoin futures which happened to mark the very top of the previous rally (coincidence?...nah) or now Goldman entering the Crypto world in a very public way.
Goldman Sachs is now saying that Bitcoin “is not a fraud” and it has unveiled plans to buy and sell cryptocurrency within the next few weeks, the New York Times reported May 2.
Most of the large stock trading firms and big banks have stayed far away from Bitcoin. But Goldman has a history of being one step ahead in everything that it does. I'm pretty sure this is not a good development for the average Bitcoin holder. Why? because nothing Goldman does is good for middle America and the middle class of the world.
@crypto gives a pretty good rundown on his podcast earlier today HERE:
I am Lord @matthewwarn and I have Stackitis...but there are worse problems to have in life...like having a giant vapire squid sucking the life out of your local economy.
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Usually, every time they stated something (bad) about bitcoin, BTC just went up.
Will see if we don’t have now the opposite effect and the market crashes consequently 😂😂
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Lets just hope they are betting for it to go higher :-)
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Let’s hope that it’s a good sign, probably not but we can hope!
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Fingers crossed...if they want it to go higher, they can push it higher, if they want it to go lower, it will go lower
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it's a good new, if sachs makes money with crypto, we will as well:)
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They made a lot of money on the US housing crash...not sure that worked out well for me :-/
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Cryptos will be more manipulated than they already are. Not a good idea for the outsiders.
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Nothing good can come of this. There it goes! I predict they will pump this up major, only to then crash it, and use the crash as an excuse to usher in Fedcoin, "backed by the faith and credit of the USA" or the Gold no one has been able to audit. More lies and manipulation. Best we can do is ride the wave up and look to pour the gains into hard assets. If your reasons for holding were more about freedom than profits/gains, then I'd urge folks to wait for the right time and move everything into a privacy coin out of their reach... before they criminalize those or make them impossible to transact with. We can count on the banksters to ruin a good thing or pervert it for their selfish benefit.
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