I keep seeing articles about GS and JPM hyping Bitcoin and couldn't tell why. Then I looked up the S-1 and noticed that they're underwriting the offering. They stand to make a shit ton of money off this, and they're telling everyone that Bitcoin is half off right now. Fits in well with the ETFs they're passing out to their high net worth clients.
Expect a massive run on COIN's offerings in the lead up to their IPO, and a crazy valuation on COIN shares.
Who else thinks we're in for a wild ride in two weeks?
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