Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’

Hi everyone,

Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Are ‘Fake News’

At the TechCrunch Disrupt Conference in San Francisco, Chavez reportedly said that reports about the company’s intentions for a crypto trading desk were unfounded:

“I never thought I would hear myself use this term but I really have to describe that news as fake news.”

See:
https://thebitcoinnews.com/goldman-sachs-cfo-recent-reports-about-crypto-trading-desk-are-fake-news/

Lately we see a lot of forces that want to get in control of the Bitcoin, lets sum them up:

1. The Security and Exchange Commission (SEC)
   The biggest challenge to cryptocurrency adoption anywhere in the world has been a lack of adequate protection for investors. The ProShares ETF decision on August 22nd was denied to show their control and power.

2. Large cryptocurrency Exchanges (trading platforms)
   The Bitfinex service disruption incident just as the CME Bitcoin futures contracts were due to expire, Bitfinex, the 5th largest cryptocurrency exchange, halted operations pointing to ‘server connectivity issues’. To show of their power.

3. Banks and large financial institutes
   Goldman Sachs showed his power by the decision to terminate plans to launch a cryptocurrency trading desk.
   Through going short on Bitcoin futures, but also holding large of bitcoin themselves they can easily manipulate the market.

4. Large Bitcoin Whales
   The recent movement of over 100,000 BTC from wallets associated with Silk Road operator Ross Ulbricht.
   The cryptocurrency whales’ do not want to give up their power to institutional investors like Wall Street.

5. Important people
   People like Bill Gates, John McAfee and Warren Buffet still want to stay the most riches people in the world and are not waiting for more rich people lowering there influence power in the financial world.

6. Governments
   Governments are afraid pension funds will lose all there money and put the financial security of people at stake.
   Regulation the use as there power word.

Problem is that everything is no longer about the Technics (blockchain) and companies behind the crypto, no it all about the money, people all want their part.

Finally everybody will lose the game...

Goldmine Prediction
We still follow the blue 19 days long "still Correct" prediction
See:https://steemit.com/bitcoin/@goldmine2018/pick-your-colors

We are at the dip above at this moment until 9-11.

9-11
So around 9-11-2018 (yes 9-11), BTC could drop back to $ 6200, and after this follow almost the same pattern up.

12-17
Around December 17th it will reach his highest value, but this time is higher than last year around $ 22800.

I stay with my own prediction path that is still correct:

Predictions:
September 09-01-2018 $6100 - $7480.
October 10-01-2018 $6350 - $7800.
November 11-01-2018 $6600 - $8125.
December 12-01-2018 $6850 - $8450.
January 01-01-2019 $7100 - $19100.

Coin Buying Index (CBI) and Volume Buy Index (VBI) are high so everyone is buying more than they are selling!

But the Total Market Cap / Total Volume ratio is still going down so we will drop deeper.

Please vote, if you like this post....