RATE Group | Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class
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Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class

30 May Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class

Posted at 08:09h in Bitcoin News by

Cryptocurrency traders don’t seem to care that Goldman Sachs is such a bitcoin hater. 

At least, that’s the signal markets are sending. 

Bitcoin prices have surged since the Wall Street heavyweight’s money-management division declared in a presentation this week that the cryptocurrency is “not a suitable investment for our clients,” merely a beneficiary of a “mania” worse than the infamous run on Dutch tulips in the 1600s. 

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The bullish market reaction shows crypto traders largely shrugged off Goldman’s bearish commentary, doubling down on bitcoin while spewing vile condemnations and ridicule of the analysis on…

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