Trump reheats the old dish of protectionism. Result? The markets are nauseous and Polymarket pulls out the thermometer: 50% of recession fever announced.
The global economic order is trembling under the impact of protectionist decisions from the United States. While the BRICS aim to reduce their dependence on the dollar, a major upheaval could be on the horizon. The resurgence of American tariffs could fuel a rise in the greenback, threatening to weaken emerging economies and hinder their efforts for dollarization. This potential rise of the dollar, far from being trivial, could mark a turning point for global monetary balance.
Goldman Sachs investment bank significantly strengthened its presence in the crypto market in the fourth quarter of 2024, with a dramatic increase in its investments in Bitcoin and Ethereum ETFs. This is a surprising development for a bank that had recently shown a critical stance on cryptocurrencies.
Technological innovations continue to disrupt traditional sectors, and finance is no exception to this transformation. In an important decision, Goldman Sachs, one of the heavyweights on Wall Street, announces the spin-off of its crypto platform to create an independent entity. This project, which fits within the context of growing adoption of blockchain technologies, raises numerous questions about the future of institutional finance.
In a raid mode, Goldman Sachs piles up 718 million in Bitcoin ETFs. And to think that just yesterday, it was all talk!
Bitcoin flirts with 59,000 dollars, but ETFs are playing the "I love you, me neither" game.
Goldman Sachs has made a resounding statement about the future of the dollar. Indeed, the banking giant anticipates a gradual weakening of the American currency, a direct consequence of the Federal Reserve's (Fed) interest rate cuts. The significance of this announcement lies not only in its impact on foreign exchange markets but also in global investment strategies, especially in a context where cryptocurrencies continue to establish themselves as alternative safe havens.
When Goldman Sachs, one of the most influential institutions on the planet, adjusts its economic forecasts, it is never trivial. The bank has just reduced its estimates of the risk of recession in the United States, lowering it to 20%. This decision is motivated by reassuring economic indicators, but it raises important questions for the crypto market, particularly for Bitcoin, often seen as a safe haven in the face of financial turmoil. While some see this as an opportunity, others are concerned about the implications of a potential economic slowdown.
Bitcoin ETF in crisis: BTCE fund liquidates its reserves as Bitcoin rebounds. Paradox or simple anomaly?
The cryptocurrency market has been booming for some time now. And Bitcoin ETFs are at the heart of this dynamic. Financial giants such as Goldman Sachs and Morgan Stanley are increasingly interested in this new asset class. Discover how these institutions are investing massively in crypto-assets and the implications for the market.
According to Goldman Sachs, institutional recognition of cryptos through Bitcoin ETFs has created significant momentum for their adoption!
As Solana undergoes a 4.83% decline in the last 24 hours, a former Goldman Sachs executive reveals betting heavily on this crypto!
Translation:
As the appetite for crypto resurfaces, Wall Street's ogre, Goldman Sachs, positions itself to devour this nascent market!
Stock Market: Alphabet and Amazon Could Follow Meta's Lead and Announce Their First Dividends This Year, According to Goldman Sachs.
In just 70 trading days, Nvidia has added $750 billion to its market capitalization. The high-tech company, specialized in graphic chips and artificial intelligence (AI), is on track to surpass Amazon.
"The 2024 season of the economic calendar has just begun. What are the events that will shake up the crypto market this year?"
The next two years are expected to see a significant increase in the volume of asset trading on the blockchain, according to Mathew McDermott, Global Head of Crypto Assets at Goldman Sachs. He explains that since the beginning of 2023, the bank's clients have shown a “huge appetite” for crypto assets and crypto derivative trading. This was reported during an interview with Reuters.
In recent weeks, interest in cryptocurrencies has certainly increased among users. This includes Bitcoin (BTC). Memecoins like Shiba Inu are concerned too. However, this interest doesn't seem to be shared by all users.
Raoul Pal, the founder of Real Vision, a financial on-demand platform that helps its members understand the world of finance, business, and the global economy through expert analysis, has made a bold prediction in the crypto market. Pal, a former executive at Goldman Sachs, is known for his market cycle in crypto, and his latest statement is surprising many.