I think Goldman sacks is right to an extent ( not completely right of course) !!
I will explain:
When Goldman sacks ( mother of circle , announced buying poloniex exchange .. all know , and will know, that Circle exchange is more strict about KYC and approving accounts, so they may make a huge change especially about not authorized accounts at withdrawals .. or may freez them—-> so many big customers who wanna be hidden on poloniex will be affected .. and they will hurry to go out. Good! Those big customers own not only major coins but huge amounts of alt coins too (?!) Altcoins who have no special dedicated wallets so far! So first thing there will be a mass change from Altcoins to BTC ( preparing them to withdrawal on bulk ! ... this massive exchange to BTC will diffinately make a “temporary” untrue increase in the value of BTC .
I am NOT claiming a bubble as Goldman sacks claim.. but I am just justifying the temporarily BTC increase in price ( as BTC price correction or consolidation might not have ended yet.)
Just my opinion.
@boxmining
@josteem
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I am happy to be in this bubble..
How do you mean? @ezimedia