Goldman Sachs short crypto market, Ethereum to zero By Cryptovest


Crypto News Weekly 07.09.18: Goldman Sachs short crypto market, Ethereum to zero

Goldman Sachs (NYSE:) shorts the crypto market, to zero?

The markets took an unexpected rapid dive this week upon the breaking news that Goldman Sachs shelved any current plans to open a crypto trading desk due to uncertainties over regulation. Within hours, there was a big dip for the whole market taking $39 billion off the market cap. In some quarters, there were calls that the market was being manipulated, maybe even shorted by Goldman Sachs or other insiders to sell short and then buy the dip.

On September 2, a 10,000 bitcoin short order to sell for approximately $74 million was placed to sell just ahead of the massive dip, and rumors are rife as to who was behind a very profitable move, but whoever it was does seem to have had knowledge of what was coming.

In the same period, one analyst has declared that he believes Ethereum could even go to zero and the system still continue to work.

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