Goldman Sachs Suddenly Issued A Surprise Crypto Price Warning After Huge Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Crash

Bitcoin and cryptocurrency prices have somewhat stabilized this week after a steep sell-off that wiped over $1 trillion from the combined crypto market, with ethereum, BNB, solana, cardano and XRP tanking and sparking fears of a new crypto winter.

The bitcoin price dropped from a peak of almost $70,000 per bitcoin late last year to around $30,000 this month before rebounding slightly—even as some bullish investors bet the bitcoin price will eventually hit staggering highs.

Now, Wall Street giant Goldman Sachs has warned increased crypto adoption may not translate into higher prices and could even damage the narrative that bitcoin, ethereum and other coins diversify a portfolio.

"Mainstream adoption can be a double-edged sword," Goldman Sachs strategists wrote this week in a note first reported by Bloomberg. "While it can raise valuations, it will also likely raise correlations with other financial market variables, reducing the diversification benefit of holding the asset class."

Bitcoin and cryptocurrency adoption has soared over the last year, rising along with the price of most major cryptocurrencies, including ethereum, BNB, solana, cardano and XRP—with some recording eye-watering triple-digit percentage increases.

Wall Street legends, financial giants, high-profile companies and even one country have bought bitcoin, with the expectation the bitcoin price will continue to climb.

Meanwhile, the use of crypto technology to recreate traditional financial services, known as decentralized finance (DeFi), and collectible non-fungible tokens (NFTs) that are both largely built on ethereum's blockchain have soared in popularity as investors pour cash into them.

However, Goldman rival JPMorgan has warned ethereum's high transaction fees and network congestion risk handing NFT market share to rival blockchain solana—something that could be a "problem for ethereum's valuation." Bank of America has said solana could become the "Visa of the digital asset ecosystem."

Elsewhere, the world's biggest technology companies, led by Facebook's newly branded parent company Meta and now including Apple and Microsoft, are forging into the virtual reality-based metaverse—with some predicting bitcoin, crypto, DeFi and NFTs could have a part to play.

The metaverse could provide a "secular tailwind" for some crypto-assets but they won't be "immune to macroeconomic forces" such as the Federal Reserve raising interest rates and shrinking its huge balance sheet, Goldman analysts warned.

“Over time, further development of blockchain technology, including applications in the metaverse, may provide a secular tailwind to valuations for certain digital assets,” the strategists wrote. "But these assets will not be immune to macroeconomic forces, including central bank monetary tightening."

The latest crypto crash, reducing the combined value of the crypto market from around $3 trillion to just over $1.5 trillion, was sparked by fears the Fed could soon hike rates. Global stock markets have also sunk as investors face up to the reality of a return to pre-epidemic monetary policy.

Many long-term bitcoin and crypto investors aren't worried, however, with Cathie Wood's Ark Invest this month predicting the bitcoin price could exceed $1 million by 2030—with ethereum's market capitalization potentially topping $20 trillion.

FreeStuffsNG:
Mad man says "sense comes hour by hour".

Cryptocurrency itself is a fraud, Ponzi and financial mania.

It's monkey business


In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :
************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

helinues:


You can't compare Crypto with ponzi. Crypto is more like stock exchange where the price fall and rice.

In Crypto, you are in Control of your money not that you will need admin access to grant you to make withdrawal like Ponzi.

Most e-currencies are good when they are still young. BTC would still catch up to $45k at least before the year would run out

helinues:


I don't like copy paste epistle.. If you want to engage with me, do so Independently

FreeStuffsNG:


https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2022/01/28/goldman-sachs-suddenly-issued-a-surprise-crypto-price-warning-after-huge-bitcoin-ethereum-bnb-solana-cardano-and-xrp-crash/amp/

helinues:


You can't compare Crypto with ponzi. Crypto is more like stock exchange where the price fall and rice.

In Crypto, you are in Control of your money not that you will need admin access to grant you to make withdrawal like Ponzi.

Most e-currencies are good when they are still young. BTC would still catch up to $45k at least before the year would run out

FreeStuffsNG:
Mad man says "sense comes hour by hour".

Cryptocurrency itself is a fraud, Ponzi and financial mania.

It's monkey business
No stable coin anywhere It's all fraud l https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc


In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :
************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

helinues:
Toh

Btc now $37k. It was over $50k last year for months

FreeStuffsNG:
Mad man says "sense comes hour by hour".

Cryptocurrency itself is a fraud, Ponzi and financial mania.

It's monkey business
No stable coin anywhere It's all fraud l https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc


In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :
************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

helinues:


You can't compare Crypto with ponzi. Crypto is more like stock exchange where the price fall and rice.

In Crypto, you are in Control of your money not that you will need admin access to grant you to make withdrawal like Ponzi.

Most e-currencies are good when they are still young. BTC would still catch up to $45k at least before the year would run out

ednut1:
Buying the dips is the only way. One day the whole thing fit catch fire sha