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?
Honestly, this must be an all new approach as far as I am concerned. After a big collapse, most whales and institutes look for only cheaper cryptocurrencies but this is first time I heard about the demand for the collapsed firm.
What are the possibilities to acquire a bankrupted firm? By googling I learned these:
1. Acquiring a firm for undervalue (not just for better price or cheaper price but far-best-price).
2. Merging a bankrupted firm is easier and got tax benefits in some countries.
Still, not sure about the exact case of Goldman Sachs and FTX but we can assume that Goldman Sachs is planning something big in crypto world by believing into the future of cryptocurrencies.