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In case HN wasn't completely aware, most bank "research papers" are content marketing designed to try and get you to buy products from their desk. They are ofte
by zmitri 13y ago
In case HN wasn't completely aware, most bank "research papers" are content marketing designed to try and get you to buy products from their desk. They are often very biased and should be analyzed with caution.
I don't know much about bitcoin, but I've seen enough "research" from desks to know the analysis is very slanted - hence the page of disclaimers at the end.
- Tenoke 13y agoI can believe that, having seen this report.
- fnordfnordfnord 13y agoExactly this. Be wary. Given the liquidity of the BTC/USD, the amount of capital needed to substantially move prices is trivially small for an investment bank, or even for many individuals.
- justincormack 13y agoThe disclaimers are because they used to be overt fraud. Now they are mostly paid for by "soft commission" and are supposed to be "independent research" for people who will not pay for research with their own money but will spend customers money on it.