Goldman Sachs Is Quietly Betting Billions On Bitcoin And Ethereum Amid Price Swings

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Bitcoin and ethereum have diverged in recent months, with the bitcoin price soaring as ethereum struggles—helped by U.S. president Donald Trump’s predicted plans for bitcoin.

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The bitcoin price is hovering just under $100,000 per bitcoin after coming within touching distance of $110,000 around mid January while ethereum has fallen sharply from its recent December peak as “dangerous” bubble fears emerge.

Now, as a Coinbase executive claims Satoshi Nakamoto’s identity may already be known, Wall Street giant Goldman Sachs has quietly confirmed its bought around $2 billion of bitcoin and ethereum exchange-traded funds (ETFs).

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