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The value of bitcoin has already declined gooldman more than Examples Digital money or digital and if the crisis worsens, giant banks like Goldman Sachs might be able to take advantage of the situation.
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| Goldman sachs and crypto currencies | Crypto exchange FTX filed for chapter 11 bankruptcy on Nov. In this sense, the ability to produce economic benefit as it pertains to crypto is clear, as ownership of systems for information verification can easily be considered an economic resource. Register Now. Explore All Insights. The bottom line is that without the prerequisite regulations, crypto will continue to have a hard time competing against legacy financial investment products. With that said, it is definitely an encouraging sign for crypto that a report coming from an established legacy financial firm such as Goldman Sachs is mostly bullish about the future of crypto, especially during this drawdown period. |
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