Ninjastic
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Topic
Board Altcoin Discussion
Re: Goldman Sachs is looking to buy crypto, why?
by
wheelz1200
on 31/12/2022, 22:49:51 UTC
Quote from: ChillyMatthew on December 30, 2022, 04:52:24 PM
GM/GN everyone.

Help me understand this, please.

Following the collapse of the FTX, which impacted valuations and reduced investor interest, Goldman Sachs aims to invest or spend tens of millions of dollars buying crypto companies. Which indicates to me that they clearly see some benefits of blockchain if it's under their control.

Why would one of the biggest investment banks in the world want to buy FTX's scraps?

Sources:

https://www.reuters.com/technology/goldman-sachs-hunt-bargain-crypto-firms-after-ftx-fiasco-2022-12-06/

https://app.getresponse.com/view.html?x=a62b&m=BVUS7v&mc=9Q&s=BtgXWnG&u=QcLhh&z=Ey5USsN&


Why not?  If history has told us anything is that crypto eventually sheds all these bad apples and comes out bigger and better.  Obviously they see a bright future for crypto so why not buy now when things are on the Lowe end of value than when everything is booming.