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RE: Bitcoin price higher as Goldman Sachs plans to launch a Bitcoin Trading Desk

in #bitcoin7 years ago

Bitcoin breakout definitely has nothing to do with GS news. The bank is anyway going to offer derivatives to clients and will hedge using bitcoin futures. It has no regulatory guideline to trade actual bitcoins, for that regulator needs to classify bitcoin as some asset class. So that banks can account for it.

Btc has been consolidating for a number of days around 9k. This time, we should cross 10k.