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.
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