Friday 5 March 2021

Can Goldman Sachs Create More Bitcoin?

This week, Goldman Sachs announced they are looking to get back into crypto and begin dealing Bitcoin futures. Our Daniela Cambone speaks with Stansberry's Eric Wade, editor of Crypto Capital, about the impact of such a move. They boil down the "what ifs" and address whether the bank will be able to work around the legendary limited supply of just over 18 million coins. "What if someone creates futures for 36 million Bitcoin," Wade questions. "On one hand, you can't stop Wall Street from 'WallStreeting.' And on the other, you can't claim you like the independence of Bitcoin and then try to exclude participants," he says. Video by Stansberry Research.