Good morning! Just wanted to give everyone an update. I work for Goldman Sachs. I haven't posted in a while because I pivoted within the company. I used to work in Global Compliance now I work in Risk Management. I wanted to give you an update since I last spoke with you. In the Summer of 2021, the downtrend was due to the fact that the United States sold a vast majority of their bitcoin. They had over 400k bitcoin that they dumped over a 5 month period starting in February. China dumped their bitcoin as well. Since then, we have seen some highs and some stomach turning lows. Last time, I told you about Bitcoin being picked up as a reserve currency in many (((manipulated))) third world countries. I was right about that. I told you the ETF was coming, I was right about that. I told you that the Spot ETF was a no - go and I am still right about that.
In the next few months, you will see the SEC deem most cryptocurrency (surprisingly not ETH) as a security. The end result I can't really speculate on since it could go any of 50 different ways but DEFI will be *heavily* regulated after the SEC announcement starting in 2023 primarily due to DEFI protocols blowing up and losing people billions of dollars. If you receive a crypto loan or a earn interest, expect that avenue to be significantly changed and/or altered. Expect more Crypto companies to go under, just like banks did in 2008. Celsius is dead, and you will see two other companies die shortly that are leveraged to their tits (a few months and you'll see blood drenched streets). Most large crypto companies have increased their lobbying efforts, not to sway legislation, but to find guidance about possible legislation going forward.
also why would most defi be sujected to sec regulations when most of them are launched outside of the us
Jacob Lee
>two other companies just tell us if it's coinbase or binance if it's the latter, I need to reallocate a lot
Tyler Howard
Dude no one cares about memecoins at all right now. What's the short and long term economic outlook, how high is the prime rate going to get and how fast? And please don't say 50bps - 75bps 1 - 2 times a month. Give me a solid estimate please.
Chase Diaz
I fucked your mother sir
Hunter Gomez
>I used to work in Global Compliance now I work in Risk Management. larp
Josiah Long
Sachs insider? But I hardly know her
Aaron Powell
This. Also how would you enforce against my vpn? Just like online gambling, that’s totally dead too, right?
John Scott
So which alts are "safe"? If Ethereum isn't a security then i assume L1s? What about L2s? DeFi protocols like LINK/AAVE?
Hudson Green
These larpers always come off as smug and are 1 post by this id posters. At least try to be believable and talk like a normal person that posts here
Andrew Edwards
wait are you that guy who said that he was searching for someone who speaks farsi and iran would be next gold mine
Bentley Phillips
Let me rattle of a few more things: I also told you PFOF (payment for order flow) would be banned in January, however, I was wrong about that. We do estimate PFOF will be banned within the year. We expect extreme food rationing and riots, we expect multiple cities to be burned to the ground, and for D.C. to become a police state. Bitcoin is still a good play, I don't know its bottom however. After the coming demolition of the Western world, expect more third world countries to incorporate bitcoin into their treasuries and holdings (IMF is FUDing on purpose and WILL be buying the bottom). We expect electric rationing, for those with internet connected AC's expect those to be controlled by the state (this is already in play), expect European life to become controlled to a disturbing degree, and expect theft to go through the roof. Your electric cars will be just as controlled as your AC in the future - daily driving limits, charge limits, distance limits etc. I spoke with a high level (highest level) fund manager the other day and pretty much all the wealthy sold all their stocks in November and December and will rebuy in about 2-3 years at the bottom.
Chase Wilson
>I used to work in Global Compliance now I work in Risk Management Hmmmmm, somehow you even used the correct jargon Interesting. Guess I'm slurping the ETH bottom
Joseph Lewis
imagine thinking you can switch working from compliance to risk management. completely different skill sets
Jose Gray
he is not larping actually i remember him he said some real shit
Joseph Martinez
The following are my personal thoughts, althought I don't have as much exposure as I would like, it is more conjecture than anything: I will tell you one more thing, the rich and powerful are also the most fearful people you have ever met. They know the guillotine. The guillotine lives in their minds, rent free. In fact, it is now so common you hear wealthy talk about guillotines that you will hear discussions of underground bunkers at restaurants around DC (I even heard a fund manager talking about bug out bags the the other day!). There is NOTHING standing in the way between the ultra wealthy, wealthy, and upper upper middle class and a maurading band of looters and arsonists, intent on mutually assured destruction. Things will seem bad in the next few years, but there will always be a carrot on the end of the string to try to manage behavior. Managing a world economy is not an easy task. Managing poor people that have always been poor is easy, managing the armed middle class that is now destitute AND hungry will be a challenge, that is why dearming them before the catastrophe is prudent.
William Smith
fpbp. op is big gay.
Xavier Roberts
bad larp If you really are GS, you can tell us your BRID. You and I both know there's no way to identify you personally from it.
Angel Flores
>switch working from sucking off kikes to sucking off kikes >completely different skill sets
William James
Pity its impossible, none of them are giving up guns.
Chase Reyes
Many of us have dual citizenship in a non-euro/usd country (Argentina, Israel, and New Zealand). We'll see what the FED does this week, but I expect 125 BP, they HAVE to shatter the economy to stop inflation. I told you about the incoming inflation, I was right about that, and its only going to get FAR worse. I could write a book on this but I will try to sum it up in a few words: please stop printing money, thanks.
