“Bitcoin: The Poison Has Begun To Spread” – Seeking Alpha | $11,293.35
Square and Robinhood have successfully pushed up Bitcoin price in the short-term.
This is not the end, but the beginning of the making of another 2008.
Goldman backed Circle acquires suspicious cryptocurrency only exchange Poloniex for a shocking $400 million.
Rationale makes sense as Goldman needs inventory to start a legitimate cryptocurrency trading desk, and buying on the open market is not an option.
Institutionalization of Bitcoin makes something inherently worthless to be an “asset” on the balance sheet, a clear repeat of 2008.
Eulogy made by General Expert
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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