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.

[kris Austen]

The informations appeared on the slideshow of Goldman Sachs showed that they viewd the Bitcoin unfavourably, but do they really not optimistic about Bircoin? Or they just want to short Bitcoin and  then make bottom-fishing?

[bitbit347]

The informations appeared on the slideshow of Goldman Sachs showed that they viewd the Bitcoin unfavourably, but do they really not optimistic about Bircoin? Or they just want to short Bitcoin and  then make bottom-fishing?

LOL that's interesting, and I agree 

[Jaguar]

What ever happens in crypto market bitcoin can survive unseen challenges along the way to reach the goal to become the first ever digital coin this generation and to come.
Hold and buy btc now is what I think the best way, unfortunately, pandemic is not yet over.

[bigcash2011]

We have seen in the past as well these guys are just manipulators and every now and then they try to create fud and confusion among crypto especially btc holders where the weak hands just sell their precious btc to these whales so please ignore these guys and keep supporting btc all the way.

[VeryWellDone]

The informations appeared on the slideshow of Goldman Sachs showed that they viewd the Bitcoin unfavourably, but do they really not optimistic about Bircoin? Or they just want to short Bitcoin and  then make bottom-fishing?

Probably, an old strategy of these big banks to get FOMO rolling so that they can go in for the kill.

Even though the news is not positive for BTC itself, its good for the community since this will still peak at people's curious minds. Everyone knows that crypto and blockchain is the future. The technology is real, and the business development is massive, with companies like Nestle, Volve, and Geely lined up.

[Istiak]

I do not think its matter. Many people expect the price of bitcoin in sky-high after Bitcoin halving but it did not occur. Now I think that price of bitcoin doesn't depend on anything but those who hold most of its wealth. Those whales will control the market when they want and how they want. Price can go up without any special events.