Enter the Vampire Squid...I'm not sure what is worse, the COMEX launch of Bitcoin futures which happened to mark the very top of the previous rally (coincidence?...nah) or now Goldman entering the Crypto world in a very public way.
Goldman Sachs is now saying that Bitcoin “is not a fraud” and it has unveiled plans to buy and sell cryptocurrency within the next few weeks, the New York Times reported May 2.
Most of the large stock trading firms and big banks have stayed far away from Bitcoin. But Goldman has a history of being one step ahead in everything that it does. I'm pretty sure this is not a good development for the average Bitcoin holder. Why? because nothing Goldman does is good for middle America and the middle class of the world.
@crypto gives a pretty good rundown on his podcast earlier today HERE:
I am Lord @matthewwarn and I have Stackitis...but there are worse problems to have in life...like having a giant vapire squid sucking the life out of your local economy.
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