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RE: Circle Buys Poloniex For 400M

in #news7 years ago

The smart money always adapts and goes with the flow. It never fights the trend. Goldman has been very spot on for a lot of years by identifying and riding profitable trends and I expect them to be true to that in crypto as well. I'd be very surprised if they tried to do anything but further accentuate the natural course of events. Their getting involved is a huge plus for crypto. It's another sign that things are still just warming up.

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I totally agree with you on this one. They see the potential and they bought themselves a pretty comfortable "surf" to ride the tide. Also for 400M their interest is quite significant. They would never have backed this deal, if they didn't saw the ponetial for huge returns !

P.S. Did you see WeissRatings comment for BitShares ? I know you are a BTS holder and believer. What do you think for their comment that once EOS is launhed, it wouldn't make any sense to own BTS. I don't agree but, I am not that informed about BTS. Would be interesting to hear your view :)