Yesterdays Forbes article detailing leaked Goldman Sachs document reveals exactly how bullish they are on Ethereum. Very bullish!
Looks like they've finally figured out how much utility Ethereum has, and they seem kind of floored, but can you blame them?
Some interesting news hitting the wire yesterday via the Forbes article titled Leaked Goldman Sachs Prediction Gives ‘High Chance’ Ethereum Will Eclipse Bitcoin.
First Goldman Sachs does a 180 on Bitcoin and looks like they're about to do a 180 on Ethereum, and then what, surely alts? They're buying!
We know the game, Goldman Sachs says don't buy, while they're buying behind the scenes. Once they have their position then miraculously it's ok for the general public to buy, it's safe, yup all good.
High Chance Ethereum Will Eclipse Bitcoin
Apparently sections from the leaked document, which was an internal doc meant for high net worth investors details the utility of Ethereum, going so far as to call it the "Amazon of information" because of it's ability to store data.
Shocker right? lol, I think pretty much anyone reading this post could have told you this, like years ago..
Could this be an intentional leak, have they already filled their ETH bags and are looking to low key green light it for the public? You never really know.
More Ethereum pumping going today with the peice Ethereum Has “Much Higher Utility” Than Bitcoin: Guggenheim Co-Founder.
I mean are these guys that are managing incredible amounts of wealth really just figuring this out now? It's possible but hard for me to believe.
What is this prediction? Ethereum taking over Bitcoin as the dominant store of value would give us 18,000 ETH potentially by the end of the year!
This video does a little bit of the math and what it would look like if ETH flipped BTC this year.
"Given the importance of real uses in determining the store of value, ether has a high chance of overtaking bitcoin as a dominant store of value," analysts at Goldman Sachs wrote, according to leaked sections of the report shared on Twitter.
Do you see ETH overtaking BTC as a "Dominant" store of value?
Let me know your thoughts below..
Ciao for now,
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