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RE: Circle's PoloniEX acquisition and meaning going forward
Goldman Sachs backed... What's your take @liotap, will the corporate financial sector bet on destroying crypto or co-opting it?
Goldman Sachs backed... What's your take @liotap, will the corporate financial sector bet on destroying crypto or co-opting it?
Crypto is a fast moving train. There is an old saying in trading that Wall street traders live by which is "dont step in front of a moving train". I think they are jumping on the train as they see various opportunities to profit, "helping" write the necessary regulations. All good things for mass adoption in my view.
any industry/company that want to move towards collaborative environments cannot afford to miss the boat. there is too much at stake. let's realize it is a $400mm deal where Circle buys PoloniEX. Does not take a 51% stake, buys the while thing making it the largest crypto M&A to date. remember thinking "$1b for an app that lets you post pictures? man that's crazy" Well that was FB buying it cheap and creating synergies to solidify its competitive advantage for years... It is likely that we will look at this trade in the same way.