bitcoin goldman sachs

The renowned Wall Street trader, Mark Fisher recently stated that bitcoin is currently at a place similar to where silver was around 40 years ago.

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Fisher stated that “The reason people are so attracted to bitcoin is because people want something that’s actually moved dramatically, that there’s no Wall Street to it,” said Fisher, founder and CEO of MBF Clearing. “The thing that every cab driver is talking about all day long. Bitcoin was what silver was back in the late ‘70s and ‘80s — for sure no rhyme or reason.”

The cryptocurrency known as bitcoin is currently regarded as the largest cryptocurrency by market capitalization and is only poised to grow throughout the year. Hitting an all-time high of $11,800 as of Sunday, December 3rd, the coin is on an upward swing that many think cannot continue for much longer.

The company CBOE announced the following Monday that they would be offering futures in the bitcoin world around eight days before CME plans to offer the same product. Fisher has stated that the launch will initially be “the wild west. It’s going to be great volatility, and for someone like me, who cares what it is, as long as it moves right.”

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The industry on cryptocurrency has been met with a large amount of controversy over the course of the past year. With investors seeing extreme ranges of volatility, no one can accurately predict where the market will go. The hopes are that this high level of volatility will be able to plateau slightly as the end of the year comes and goes. With so many investors getting interested in the market on cryptocurrency, it will be interesting to see where it goes as we head into the end of this year and the beginning of the next.


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