Posts with the TAG ags/goldman sachs

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The Future of Cryptocurrencies: Insights from Former Goldman Sachs CEO

Goldman Sachs Investment Bank sent a letter to its clients stating that in the short term, Bitcoin is expected to rise to $ 13,971.

The letter that was sent to the bank's customers said that in the short term Goldman Sachs expects to see the growth of the first cryptocurrency to $ 13,971. The name of the analyst who prepared this forecast is not indicated.

Billionaire investor and founder of the cryptocurrency bank of Galaxy Digital Mike Novogratz is confident that the price of Bitcoin is consolidating in the range from $ 7,000 to $ 10,000.

The founder of the hedge fund Tetras Capital and former economist of Goldman Sachs Bank Brendan Bernstein argues that Bitcoin will help to burst the bubble of traditional finance. In a tweet on April 10, Bernstein supported the position of Bitcoin Foundation director Jon Matonis, who disagreed with the statements that Bitcoin is an economic bubble.

Goldman Sachs customers received a letter in which analysts of the bank warned that the price of Bitcoin could soon fall below 6000 dollars. The team of technical analysts of the bank is headed by Sheba Jafari, who is sure that the market decline began with the large sales of Bitcoins, which previously belonged to the MtGox crypto exchange. As it became known, the head of the board of trustees of the exchange Nobuaki Kobayashi organized several rounds Bitcoin sales to pay off creditors MtGox.

Goldman Sachs, one of the largest banks on Wall Street, plans to launch its own platform for trading cryptocurrencies. This became known to the agency Bloomberg from sources who are familiar with the strategic plans of the banking group. As it became known to the agency, the bank plans to launch a new business unit in July 2018, but it may happen earlier. Sources say that Goldman Sachs is currently collecting a team in New York, trying to solve security problems, and how the assets will be stored.