Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
1–10 of 487 posts
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#2Great. Now we’re on the path to making this a systemic risk.
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#3Great. Now we’re on the path to making this a systemic risk.
Oh good, I was worried that the BC bubble bursting wouldn’t have enough negative effects on the economy at large.
(/s)
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#4[deleted]
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#5Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#6Going to need some rules and regulations. Last thing we need are big banks overleveraging on crypto currencies for the excess return. When, not if, this bubble bursts hopefully it doesn't take the whole economy down with it. The whole financial market wants exposure to crypto at this point.
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#7They typically do this for a few reasons:
1. High net worth clients demanding such products. 2. Obvious FOMO. 3. In case this crypto thing becomes big they don’t want to be criticized. 4. All companies are seeing a nice bump in their share prices with any association to crypto
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#8Earlier quoted context omitted.
Oh good, I was worried that the BC bubble bursting wouldn’t have enough negative effects on the economy at large. (/s)
Why do you think it would have any effect? It’s still a comparatively tiny market.
The same could have been asked about the Tulip and Bulb craze.
Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
#9This is going to be an end of the current generation of exchanges, and, most likely, future generation of exchanges: