Short the dollar: How Goldman's bearish stance uplifts Bitcoin Q4 sentiment
Analysts at Goldman Sachs are bearish on the U.S. dollar in the near term. Goldman Sachs, the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst.Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, it could buoy the momentum of BTC and gold in the fourth quarter.The daily chart of Bitcoin. Source: TradingView.comWhy Goldman Sachs is not optimistic on the dollarZach Pandl, the....
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Andrew Left, a controversial figure behind Citron Research, renowned for his critical stance on crypto and often bearish stance on various high-profile stocks, has found himself on the other side of the law. Recently charged by the US Securities and Exchange Commission (SEC), Left is accused of orchestrating a deceptive $20 million scheme that manipulated […]
Bearish sentiment toward Bitcoin among institutional investors has been gaining ground in recent months. This was propelled even further by the crash that rocked the digital asset back in mid-June. Since then, bitcoin has struggled to keep its head above the $20,000 level, and as it continues to fail, bearish sentiment has grown rampant. This is evident in the short bitcoin inflows that were recorded for last week. Record Numbers For Short Bitcoin The latest CoinShares report has shown that institutional investors are only investing in bitcoin for the short term, and what’s more, they....
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Bitcoin (BTC) is the least favored investment among chief investment officers (CIOs), according to a recent survey by Goldman Sachs. Goldman Sachs Survey Reveals Negative Sentiment Two roundtable discussions for chief investment officers of hedge funds were recently hosted by investment bank Goldman Sachs. According to the bank, bitcoin is their least preferred investment. The […]