{"id":5466,"date":"2020-06-01T10:32:13","date_gmt":"2020-06-01T14:32:13","guid":{"rendered":"http:\/\/cointelegraph.com\/magazine\/?p=5466"},"modified":"2020-06-02T10:15:12","modified_gmt":"2020-06-02T14:15:12","slug":"goldman-sachs-bitcoin-squid","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2020\/06\/01\/goldman-sachs-bitcoin-squid","title":{"rendered":"Goldman Sachs’ Time-Traveling Vampire Squid Fails To Undermine Bitcoin"},"content":{"rendered":"
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Winklevoss Strikes Back Against Goldman Sachs\u2019 Bitcoin Whack<\/h3>\n

Goldman Sachs has delivered a <\/span>Roubini-esque<\/span><\/a> broadside against Bitcoin, arguing that its bubble (see: things that happened in 2017) was almost five times frothier than the Tulip Bubble (see: things that happened in 1637).<\/span><\/p>\n

In a <\/span>PowerPoint presentation<\/span><\/a> resembling something outsourced to a 15-year-old on Fiverr, the storied bank warned clients to shy away from the cryptocurrency that investors elsewhere are <\/span>clamoring to get their hands on<\/span><\/a>.<\/span><\/p>\n

Goldman Sachs doesn\u2019t have hands, however. It has tentacles, as depicted in Matt Taibbi’s famous <\/span>Rolling Stone Magazine story<\/span><\/a> on the finance sector behemoth:<\/span><\/p>\n

\n\u201cThe great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.\u201d<\/span>\n<\/p><\/blockquote>\n

Tyler Winklevoss <\/span>delivered a scathing takedown<\/span><\/a> on Twitter:<\/span><\/p>\n

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Crypto used to be where you ended up when you couldn\u2019t make it on Wall Street. The quality of Goldman Sachs\u2019 recent research on #Bitcoin<\/a> demonstrates that there has been a talent flippening. Today, Wall Street is where you end up when you can\u2019t make it in crypto.<\/p>\n

\u2014 Tyler Winklevoss (@tylerwinklevoss) May 27, 2020<\/a>\n<\/p><\/blockquote>\n