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Thursday 9 November 2017

GS: The bitcoin looks at $8,000

Since the JPM, and in particular the head of the financial institution, Jamie Diamond, called the bitcoin bubble, which would end bad for investors, obviously by their main competitor GS saw an exceptional investment opportunity.
According to a number of rumors, the investment bank is working to build an infrastructure for offering products on the bitcoin, which can make it the main player and market maker for cryptocurrency.
A growth to over $7,000 was caused by the news that CME is planning to put futures on the bitcoin. This will further strengthen the legal position of the bitcoin and may give GS more advantages.
Apparently the US investment bank is looking very seriously at this project. And this is evident from the last comments of analysts of the financial institution.
According to technical analyst Sheba Jaffari, the bitcoin has the potential to reach at least $7,941. To put it another way, the next limit to which cryptocurrency can start to look more confidently is $8,000.

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