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>Yet every day there are stories (such as this article) showing crypto becoming more deeply ingrained in mainstream circles. At face value what I see here isn’
by SlowRobotAhead 9y ago
>Yet every day there are stories (such as this article) showing crypto becoming more deeply ingrained in mainstream circles.
At face value what I see here isn’t that Goldman believes in crypto-commodities at all. It’s that Goldman sees there is money to be made on picking up fees from clients. What the clients are buying or trading really doesn’t matter at all, so long as the fees are coming in.
- mvindahl 9y agoBingo. Just like a casino doesn't "believe" in blackjack, craps or poker. They'll just set up the tables to match what people want to play. In the Goldman Sachs case it's even easier to set up tables as they don't have a finite size floor.