Is Bitcoin the latest victim of fake news?
The other day it was reported that Goldman was backing off plans to launch a crypto trading desk...
Today it was revealed that was likely fake news.
The CFO of Goldman Sachs, Martin Chavez said that the report circulating about Goldman Sachs canceling its plans to launch a bitcoin trading desk would be classified as fake news.
Come again?
His exact quote:
“I never thought I would hear myself use this term but I really have to describe that news as fake news."
(Source: https://www.ccn.com/fake-news-cfo-says-goldman-sachs-is-not-ditching-bitcoin-trading-desk/)
You mean the news that dropped bitcoin by almost 20% and wiped close to $50 billion off of crypto markets was fake?
According to the CFO of Goldman, that seems to be the case.
The original report cited "unnamed sources familiar with the matter" as their news source for the report.
Hmm... smells like a short and distort campaign.
Especially when you take into account the 10k bitcoin short that was initiated several days back by an annonmous trader.
That short bet totaled roughly $74 million at the time.
No recovery as of yet?
Interestingly enough, bitcoin is not recovering its losses as of yet even though these comments from the CFO of Goldman have been circulating for 12 hours plus at this point.
Like we have seen numerous times in the past, perhaps the original fake news release was merely an excuse to sell or drive prices down.
Now with the news being refuted, it doesn't really seem to matter as those shorts aren't covering and prices are not regaining those losses.
Stay informed my friends.
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