What's next for the Bitcoin price after the Goldman Sachs' investor call?

[bitbit347]

Let’s go back 2 days ago on 22nd May, JP Morgan published a study via Bitcoin (BTC) in the claims that the digital asset is 25% below its intrinsic value.



Many analysts try to measure the fair value of a Bitcoin. Since it has no ballast and is only regulated by the relationship between supply and demand, It is difficult to accurately assess the real value of the digital asset. Although JP Morgan may not trade Bitcoin or offer crypto-specific services to its clientele, the company does analyze this nascent market once in a while.

Afterward, Goldman Sachs held an investor call on this Wednesday to discuss current policies for bitcoin, gold, and inflation in the context of the COVID-19 crisis. According to the slideshow released on the internet, Goldman notes that while cryptocurrencies like bitcoin “are not an asset class,” they “have received enormous attention.”



No matter how those two financial giants estimate Bitcoin’s value, there’s no doubt that it indeed received a huge amount of attentions in the world, and a new round movement of Bitcoin price may shows up in the near future. In response, Bitoffer exchange offered various products derived from Bitcoin and Ethereum, from the Spot Trading to the Futures & Swap Trading to the Options Trading, and even ETF. Besides the Spot Trading, Futures & Swap Trading and Options Trading are essentially derivatives of Bitcoin/Ethereum which can be used as hedging methods for the Spot Trading. The launch of Bitcoin/Ethereum financial derivatives is a performance of improvement and development of the market. No matter Futures & Swap Trading or Options Trading, they are both a way for investors to bet on the trend of cryptocurrencies’ price without holding them, it is also one of the attractions to the investors who have less funds. In order to deal with the tanglesome marketing settings to maximize users’ profit and reduce the losses as possible.



Anyway, the market will always be positive in the long term since nowadays the internet era has generated a requirement for low cost, anonymous, and rapidly verifiable transactions to be used for online barter, and fast settling money has emerged as a consequence. Be patient and enjoy getting profit with cryptocurrencies at Bitoffer.

[Hugo Barbosa]

Positive, you got the point. We will see. 

[bitbit347]

Positive, you got the point. We will see. 

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[CastyLamer]

Already tried for several times.
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