In the news recently: Goldman Sachs purchased Poloniex Exchange. This is an interesting turn of events as Goldman Sachs has been spreading FUD about Cryptocurrencies during the month of February. It is interesting that during the time that Goldman Sachs was spreading FUD, they were in secret negotiations to buy Poloniex.
Here is what Goldman Sachs have been saying about Cryptocurriencies:
"Most cryptocurrencies will crash to zero, Goldman Sachs says"
Steve Strongin, head of Goldman Sachs global investment research said in a note, that cryptocurrencies don't have "intrinsic value"
Steve Strongin said that most of today’s cryptocurrencies are “unlikely” to make it over the long term
19 days ago, I reported that FUD was being spread about Cryptocurrencies. Just check out my report.
https://steemit.com/bitcoin/@socky/fud-monster-bloomberg-and-cnbc
The cryptocurrency market is being manipulated by large investors.
The market was intentionally driven to a dismal level by large investors to buy up assets cheaply. This type of influence would normally be illegal in the stock market and financial sectors, but with cryptocurrencies, governments don't like cryptocurrency and will not intervene when manipulation takes place.
Image from: https://www.dailykos.com
