"Due To Popular Demand" Goldman Starts Covering Bitcoin.

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-06-12/due-popular-demand-goldman-starts-covering-bitcoin

Well, if Fargo Wells don't accept ... Goldman will.
Business for all. 

In the report that Goldman released this afternoon ago, Jafaru concludes that "the balance of signals are looking broadly heavy" with the following view: "wary of a near-term top ahead of 3,134. Consider re-establishing bullish exposure between 2,330 and no lower than 1,915."

In other words, Goldman is bearish. Which probably means that bitcoin is set to make new all time highs shortly.

[buwaytress]

Time to see if one of the traditional heavyweights are any better at predicting Bitcoin ebbs than the slew of crypto traders here. Interesting that they're projecting bullish patterns only after a 20% drop.

[jjacob]

Goldman predicted $200/barrel of crude during the bull run. I wonder what they will say about Bitcoin.
We could see 6 digit predictions soon. 

[thejaytiesto]

Wall street is filled with idiots. If you believe they know more about bitcoin than you do, you are wrong. Im sure I know more about bitcoin than anyone on any of those hedge funds. They don't know shit about bitcoin, I don't care how fat their wallets are.

Anyway, they are welcome to join the boat with their $billions.

[Wendigo]

Wall street is filled with idiots. If you believe they know more about bitcoin than you do, you are wrong. Im sure I know more about bitcoin than anyone on any of those hedge funds. They don't know shit about bitcoin, I don't care how fat their wallets are.

Anyway, they are welcome to join the boat with their $billions.

Yes but your Bitcoin knowledge doesn't equate more money for you right? Wall Street traders don't need to understand Bitcoin to play the market. Bitcoin is just a fucking stock for them. They definitely have the money to make even more money and they don't care about the Bitcoin philosophy.

[qiwoman2]

Wherever there is profit to be made Wall Street Wolves will be there to get it. They smell fresh blood, they will go to eat. I think sometimes they predict stuff to tell the World, then they do  the opposite, like they did with the derivatives.