The big Goldman Sachs from America wants to take over crypto companies for tens of millions. According to the investment bank, the industry has a great need for reliable and established names. The bankers from Goldman Sachs see the implosion of FTX as an opportunity to strike the market cheaply.
“We see some interesting opportunities”
One man’s death is another man’s bread. This is reflected in the way Goldman Sachs is currently circulating like a vulture over the market. “We see some interesting opportunities that are at a much more reasonable price right now,” said Matthew McDermott, Goldman Sachs’ head of digital assets.
According to the investment bank, the fiasco at FTX makes it clear that trust is becoming an important aspect within the industry. If you can’t trust even the big guys like FTX, that opens up possibilities for a reputable name like Goldman Sachs.
Where Bitcoin was born in 2009, Goldman Sachs has been around since 1869. That 153 history, in a sense, creates the confidence that the industry now seems to need. That makes it interesting for Goldman Sachs to get involved in the crypto world. No crypto company can compete with Goldman Sachs’ rich history.
Bitcoin price of 100,000 dollars
Not every banker within Goldman Sachs will agree, but in January 2022 predicted the investment bank a Bitcoin price of $100,000. Bitcoin could reach that price within 5 years, according to the banking giant. That all seems a long way off now, but if you’ve been around the industry for a while, you know that things can change quickly when it comes to Bitcoin.
So it is clear that there are people within the bank who see Bitcoin as having a great future. As the crypto winter reaches its darkest point, the investment bank seems to see its chance and is going to throw in millions. It’s a strategy that fits the experience of Goldman Sachs bankers. Waiting for the proverbial blood to splash through the streets and doing the shopping at that very moment.