Incoming Bull Run as Goldman Sachs allegedly seeks investor funding

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Goldman Sachs to buy US2 Billion in Bitcoin.jpg

Incoming Bull Run as Goldman Sachs allegedly seeks investor funding

Crypto winters are becoming shorter and shorter and it has nothing to do with global warming heating this market up. Cycles are almost predictable with a crash then a large cohort calling the death of cryptocurrencies followed by a short correction another dip and then a re-entry from new investors and institutional ones.

If the latest news tips are anything to go off Goldman Sachs is seeking to buy in which comes at a time that indicates the market is at a bottom.

The news itself isn't anything to call home about just yet but if rumours are true and Goldman Sachs is lining it's ducks up to buy in it indicates that Bitcoin is going to do a few things.

a) Go on another bull run
b) is not dead

The price of Bitcoin has climbed a little over 20% already and I am not too sure if it has anything to do with the latest news but it may.

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Image source

So why is Goldman Sachs buying into Crypto?

The current crypto crash caught a lot of investors off guard which leaves much wondering how as Crypto being highly volatile a lot of people made the mistake of either investing in Luna or borrowing a lot more on their collateral than they could pay down.

This in turn has seen a number of mainstream companies with no liquid assets and caused a significant issue for many that has pushed them closer to bankruptcy.

With one of the largest in financial turmoil, Celsius is facing the chopping board which if it does will see creditors move in and sell off its assets to pay off debtors. The sales will be for a fraction of the current cost and that's where Goldman Sachs wants to be.

Goldman Sachs to buy US2 Billion in Bitcoin 1.jpg

Bitcoin has a future

The fact that one of the worlds largest banks is waiting to line its pockets with cheap Bitcoin means it perceives the asset will grow in value of the next few quarters. The news will also mean a number of other institutional investors will be lurking and waiting to circle in on Celsius.

As news continues to break we can expect to see a recovery over the next few weeks which has a positive impact on Leo and Hive tokens which are already seeing some good growth.

Did you pick up some discounted Bitcoin in this dip or will you be lining up to bid on liquidated assets of those who didn't make it?

*Image sources provided supplemented by canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services. *

Posted Using LeoFinance Beta



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11 comments
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cryptocurrency winters are getting shorter and shorter, however I still believe that Bitcoin can drop as low as $ 10,000. however, congratulations to these large groups who have waited and bought at relatively low prices

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I didn't really buy any BTC this week and I think Goldman sees demand for BTC in the future. With all the money they have, throwing a little bit into crypto doesn't sound like such a bad idea.

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I don't believe it, to be honest. GS is smart enough not to advertise publicly before they buy. They don't need competition and higher prices. But I'm sure the sharks are doing circles around Celsius right now.

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(Edited)

Winter just started and there is not one spark of sun that hints at another bull market in the next 12 months... It´s nice you try to be bullish but be careful it´s just a couple of letters from bullish to BS

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