Pacific

<p>The thirst of big investors for crypto picks up again in 2024. However, this renaissance bodes ill for the liberty and decentralization promoted by this emerging ecosystem. Indeed, major banks like Goldman Sachs are preparing to swoop down on this new prey, ready to crush the foundational ideals of virtual currencies.</p> 
<h2 id="h-the-wall-street-wolf-at-the-door-of-the-crypto-flock">The Wall Street wolf at the door of the crypto flock</h2> 
<p>Max Minton’s statement, crypto head for Asia Pacific at Goldman Sachs, has a prescient ring to it. According to him, many major clients are returning, fueled by the recent approval of bitcoin ETFs. However, the reappearance of these big predators is by no means a sign of adoption of the values of freedom and decentralization promoted by crypto.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>On the contrary, Goldman is only expanding its range of crypto derivative products to lure even more prey into its nets. Cash options on bitcoin, futures contracts on Ethereum, the shadow finance arsenal is unveiled to tie cryptos to the old moons of obsolete financial systems.</p> 
<p>In reality, this resurgence of institutional capital is part of a clear intent to oversee this once decentralized space. By attracting speculative funds, hedge funds, and asset managers, banks arrogate an exorbitant market power.</p> 
<h2 id="h-the-linchpin-of-a-recolonization-plan">The linchpin of a recolonization plan</h2> 
<p>Beyond derivative products, Goldman Sachs’s grip is part of a much broader strategy to reduce the progress of financial decentralization and to re-establish their hegemony.</p> 
<p>Massive investments in the crypto infrastructure are just a Trojan horse. Once this tech is mastered, the architecture will be under their control.</p> 
<p>But the spearhead is embodied in initiatives like the GS DAP platform. Behind this cryptic office lies the plan for a <a href="https://www.bloomberg.com/news/articles/2024-03-24/goldman-s-hedge-fund-clients-get-more-active-in-crypto-options" target="_blank" rel="noreferrer noopener">total overhaul</a>, where assets would be tokenized on a private blockchain. A recolonization of this space by old finance.</p> 
<p>The recent pilot operation proves it, connecting exchanges, banks, and managers on a private network. The dream of independence of the crypto-pioneers smothered by a new cathedral with a decentralized appearance but with very real foundations.</p> 
<p>Thus, by opening the door to <a href="https://www.cointribune.com/en/american-banks-offer-bitcoin-etfs-to-wealthy-clients/" target="_blank" rel="noreferrer noopener">institutional investors</a>, crypto-enthusiasts will have only welcomed the gravediggers of their libertarian utopia. For the insatiable appetite of these whales will be to reduce the crypto sphere into a vast soulless body, submissive to the dictates of monetary centralization. A large-scale recolonization, led by builders of cathedrals that are decentralized in name only. A transformation that may be inevitable, to which only the most irreducible of rebels will seem to resist, before being crushed by this steamroller.</p>

Big Crypto Investors Resurface! Goldman Sachs

Table of Contents

Cointribune EN

دیگر آرٹیکلز 25 مارچ، 2024 پر پبلش کیے گئے ہیں

New Crypto Bull Run Emerges as Bitcoin Price Surges

Step-by-Step: Your First Trade in Binary Options

Charting a Course with $CAPTN: Join Our Community Voyage

Catcoin Price Prediction: CAT Skyrockets 222% As This Upgraded Dogecoin Goes Ballistic

Illegal Mining Operations Overwhelm Paraguay’s Energy Supply

Bitcoin Price Prediction: BTC Pumps 5% As BlackRock Closes On Grayscale And This Green ICO Skyroc...

Join our free newsletter for daily crypto updates!