Goldman Sachs studies bitcoin
According to analysts at Goldman Sachs, bitcoin can become a legal and widespread form of currency, but it is mainly possible in theory
Analysts believe that the reality is that cryptocurrency still has a very high threshold in most places. First, the government cannot track who is buying or selling bitcoin. And as we all know, the price of cryptocurrency is very vulnerable to large fluctuations. This volatility is very rare in legal tender, so bitcoin is not suitable to be a reserve currencyThe following is Lang Xianping's original words:
"Goldman Sachs used to be the largest shareholder of ICBC, and its good friend Bank of America used to be the major shareholder of CCB. CCB's listing has made them 130 billion yuan, which means that every one of us pays 100 yuan for Bank of America. The financial reform, in the end, profited from Goldman Sachs Group
I really don't know how I calculated at that time and why I was led by Goldman Sachs. Recently, those ghosts have cashed out frequently and gained huge wealth from it. With their empty singing and multi singing, we are bewildered, and some so-called experts feel very good. These experts are just like the "black mouth" of China's stock market, carrying sedan chair for Goldman Sachs, and they even don't know that they have been used by Goldman Sachs. "
Global Times disclosed that Goldman Sachs had done some bad things in the world and China: "more than two years ago, the soaring prices of oil and other international commodities led to global inflation and the increasingly difficult economy of developing countries, which was directly related to the manipulation of multinational investment banks such as Goldman Sachs. Take the oil price as an example. Before the international oil price set a record of 147.27 US dollars per barrel in July 2008, the trend was almost consistent with the report released by Goldman Sachsa Chinese economist said that when China's state-owned banks were restructured in 2004, Goldman Sachs published reports one after another to slander China's state-owned banks, saying that they are not worth a little money, and that bad debts are too high, they are not worth money. Don't take them. But as a result, Goldman Sachs and others bought the listed shares of Bank of China at an extremely low price. With the listing of a state-owned commercial bank alone, Wall Street companies such as Goldman Sachs made 130 billion yuan, equivalent to 100 yuan given to the United States by each Chinese
"Zhou Shijian, a senior researcher at the center for Sino US relations at Tsinghua University, told reporters that Goldman Sachs has been disrupting the international financial order. In 2007, Goldman Sachs published a report that crude oil would rise to $200 a barrel. At that time, China desperately bought crude oil at $147 a barrel. Goldman Sachs also set up "gambling agreements" with some Chinese companies, but quietly sold crude oil itself. By the end of the year, oil prices had fallen to $34 a barrel. China's SASAC officials have said they reserve the right to sue Goldman Sachs and other trading frauds
some readers may remember that in 2008, today's quick review of our newspaper published a series of opinions on oil prices, the "theory of cheap selling of banks" and so on. At the end of the year, it made a summary with the title "why do you always cheat students" At the end of the article, I said, "in the" currency war "dancing with wolves, we lose more and win less. Teachers have responsibilities, and students have responsibilities. "
In the past 24 hours, more than 110000 people in bitcoin have burst their positions, and 5.8 billion funds have been swallowed. In fact, I think the team is cutting leeks. In fact, the decline of bitcoin can be met in advance, and nothing can prosper all the time, So for most people, they still need to maintain a rational attitude to buy some funds or stocks and bonds. If it becomes a state of large-scale loss, then their money will be tied up, which is certainly not very good for them. Our attitude towards bitcoin is that it will not decline, it will only rise, So most people may not consider this situation and put all their money into it, but in such a situation, if the institutions withdraw their funds, they will inevitably face a lot of capital losses of retail investors
however, in the face of such a situation, we must understand that not all such things can have an answer, such as this kind of irregular things. As an ordinary investor, if we want to buy opportunistically, we may have to bear a greater risk, but in the face of the relative institutional investment, They may take less risk, because the risk they need to take is actually created by them. For most institutions, if they want to go up in the last stock, the probability of the stock's rise may be much greater than the probability of its decline. As for bitcoin, more than 110000 people burst their positions in the past 24 hours and 5.8 billion funds were swallowed, losing money in succession, in fact, I think the team is cutting leeks
According to Steve strongin, global head of investment research at Goldman Sachs Group Inc., the market value of cryptocurrency has evaporated nearly $500 billion in the past month, and the situation is likely to get worse
In a report dated February 5, strongin wrote that most digital currencies are unlikely to exist in their current form and investors should be prepared to lose all their value because they are replaced by a small number of future competitors P>although he did not give a time frame for the situation, he said that the recent price fluctuations indicate bubbles, and the trend of different currencies to be consistent is unreasonable. p>
on February 6, bitcoin fell below US $6000, reaching the lowest of US $5920, the lowest since mid November
strongin pointed out that the introction of regulated bitcoin futures did not solve these concerns. In addition, he ignored the so-called first generation advantage, saying that few people survived the Internet bubble in the late 90s. p>
he said: "is today's cryptocurrency Amazon or Google, or will it be like many search engines that no longer exist today?" Strongin predicts that most cryptocurrencies may never return to their previous peak levels
strongin is more optimistic about the blockchain technology of digital currency, saying that it can help improve financial books
but even so, he warned that the current technology does not provide the speed needed for market transactions
Robert Shiller, Nobel Laureate in economics, warned on January 23 that bitcoin "may completely collapse and be forgotten. I think that is a very possible result."
According to Schiller, that reminds him of "tulip mania in the Netherlands in the 1640's" and "bitcoin is worthless unless people can reach some consensus on its value."