GM/GN everyone.
Help me understand this, please.
Following the collapse of the FTX, which impacted valuations and reduced investor interest, Goldman Sachs aims to invest or spend tens of millions of dollars buying crypto companies. Which indicates to me that they clearly see some benefits of blockchain if it's under their control.
Why would one of the biggest investment banks in the world want to buy FTX's scraps?
As Rothschild said “the time to buy is when there is blood in the streets”Help me understand this, please.
Following the collapse of the FTX, which impacted valuations and reduced investor interest, Goldman Sachs aims to invest or spend tens of millions of dollars buying crypto companies. Which indicates to me that they clearly see some benefits of blockchain if it's under their control.
Why would one of the biggest investment banks in the world want to buy FTX's scraps?
What he means is that after a huge crisis the price of everything is at its cheapest and if you have some cash available then you must take the opportunity to buy everything that you can, Goldman Sachs is simply making use of that strategy in modern times, just as many long term holders buy the dip or do DCA to increase their holdings during these times, so it should not come out as something odd they are choosing this moment to invest in several companies related to this market when many other people are doing the same.
