News for hackers. Stuff that matters.

A comment on Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk. Parent comment

Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk by jjeaff on Thursday December 21, 2017 @08:47PM (#15984653)
>But there is also a chance that we genuinely are at the beginning of the transition from Fiat currencies to crypto

Maybe, but the current price is no reflection of that. The current price is based on speculation, not utility. No "maybe" about it.

[ Parent | on HN ]
Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk by drcross on Thursday December 21, 2017 @10:27PM (#15985054)
That's just your opinion. My opinion is that every dollar, euro and yen that stored outside the current financial system is being safely utilised in the bitcoin store of value.
[ Parent | on HN ]