Short the dollar: How Goldman's bearish stance uplifts Bitcoin Q4 sentiment
Cointelegraph
Published Oct 12, 2020 01:05PM ET
Updated Oct 13, 2020 03:00PM ET
Goldman Sachs (NYSE:GS), the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst.
Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, it could buoy the momentum of BTC and gold in the fourth quarter.
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Written By: Cointelegraph
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