Goldman Sachs is looking to buy crypto, why?

[MinoRaiola]

....Why would one of the biggest investment banks in the world want to buy FTX's scraps?

Sources:

https://www.reuters.com/technology/goldman-sachs-hunt-bargain-crypto-firms-after-ftx-fiasco-2022-12-06/

You must have misunderstood the news article. It didn't say they will buy what's left of FTX but they will buy or invest in cryptocurrencies because the prices are down as a result of the FTX implosion. These banks are business opportunists at the end of the day and will take a calculated risk if a chance presents itself.

That's right. They risk with the investment in Bitcoin and speculate just like everyone else on profits. They do the same with the "normal" currencies. With cryptocurrencies, the risk is only much higher. You can also call it an additional asset class. Investing in currencies, bitcoin, gold, real estate, cars and more is just a way to invest your money and not let it destroy by inflation. If possible with the smallest risk.

[ultrloa]

....Why would one of the biggest investment banks in the world want to buy FTX's scraps?

Sources:

https://www.reuters.com/technology/goldman-sachs-hunt-bargain-crypto-firms-after-ftx-fiasco-2022-12-06/

You must have misunderstood the news article. It didn't say they will buy what's left of FTX but they will buy or invest in cryptocurrencies because the prices are down as a result of the FTX implosion. These banks are business opportunists at the end of the day and will take a calculated risk if a chance presents itself.

Of didn't say that they were buying FTX, but crypto companies. There's no talk in the articles that they would invest in cryptocurrencies but cryptocurrency companies, and those are down because of the case FTX .

And why they do this? They see that they can get them almost free and they are in it for the long term. Many crypto companies also might have better fundamentals then most cryptos and actual value behind them. Even if they are now having hard times.

As what I read also he is interested investing on crypto companies since maybe he can buy them at the cheapest price which maybe Sachs can take advantage with especially if the company has a coin/token which have a good record before and have huge community since for sure for what action he do he can hype it up and maybe he can also benefit if the coin/token price will pump up after the hype he bring after they bought the companies.

Hype can generate to money so that's a smart move for him.

[avikz]

Why would one of the biggest investment banks in the world want to buy FTX's scraps?

They aren't buying FTX scraps! Goldman is actively exploring to get into crypto domain as they are seeing higher interest and queries from their investors regarding cryptos. Also they understand that the price is low and if they can get into the market at this time, the profitability will be higher. That's simple business!

Slowly all major investment banks will start exploring crypto market as it is gaining more and more popularity every single day!

[darewaller]

You must have misunderstood the news article. It didn't say they will buy what's left of FTX but they will buy or invest in cryptocurrencies because the prices are down as a result of the FTX implosion. These banks are business opportunists at the end of the day and will take a calculated risk if a chance presents itself.

That's right. They risk with the investment in Bitcoin and speculate just like everyone else on profits. They do the same with the "normal" currencies. With cryptocurrencies, the risk is only much higher. You can also call it an additional asset class. Investing in currencies, bitcoin, gold, real estate, cars and more is just a way to invest your money and not let it destroy by inflation. If possible with the smallest risk.

I mean it is super smart to get in right now. They could build a billion dollar portfolio and make as much as 50 to 100 million dollars just from staking it, and then they could also make more from the amazing increase that we are going to have soon enough as well.

I know not many people could do such a thing because they do not trust bitcoin with a billion dollars but Goldman Sachs is rich enough that if their 1 billion dollars becomes zero, they would still continue operating without any problems, this comes with the issue that if they turn 1 billion into 2 billion it won't really be a big profit neither, but it's worth trying at least.

[Silberman]

Why would one of the biggest investment banks in the world want to buy FTX's scraps?

They aren't buying FTX scraps! Goldman is actively exploring to get into crypto domain as they are seeing higher interest and queries from their investors regarding cryptos. Also they understand that the price is low and if they can get into the market at this time, the profitability will be higher. That's simple business!

Slowly all major investment banks will start exploring crypto market as it is gaining more and more popularity every single day!

They are doing what any other financial institution should be doing, which is to explore their options and if the price is right and the risk is low then they are willing to take advantage of the opportunity in front of them, we must remember that even if many financial institutions have been against bitcoin for a long time at the end they need to attend the request and wants of their customers, and if they want to explore the possibility of investing in this market then those financial institutions have to follow their wishes.

[OgNasty]

Why wouldn’t they buy? Goldman Sachs probably owns every asset that exists to some degree. With crypto being down so much from the highs, it’s only natural that investors will move in and pick up the pieces. Being able to buy the lows and sell the highs is what investment banks pride themselves on, so seeing them nBut is a good sign they feel the end of the market pain is coming soon.