The last few months have not been kind to investors. Many have lost a lot of money due to the falling value of many of their assets. The crash has affected the crypto market and other assets, including bonds and gold. Many investors have the cash to spend on projects, but the market leads them to lose the motivation and the reason to invest in the available assets. All of these are about to change as the investors’ mindset begins to change. We will see a huge difference in investment and prices in the next few weeks. Goldman Sachs is one of the main factors that will change investors’ mindsets and how they think about their investments.
The bank has had a huge impact in different markets and has a way of turning all the things they touch into gold, as its name suggests. Their next step will be one of the most important for the cryptocurrency market and will lead to huge gains for investors.
The bank has seen the challenges and effects of the current crypto and asset crash on Celsius. Celsius is one of the world’s biggest and most promising cryptocurrency lending platforms. They had over 8 billion in crypto loans to their clients by the end of May. Considering the cryptocurrency price was better than it was, the company was making profits at the time. All went to hell in June. In June, the cryptocurrency crash intensified and hugely blew many cryptocurrency investors.
Many decided to cash out of their investment and sell their portfolio. Due to the huge sale, many cryptocurrency tokens were traded at a discount. Companies such as Celsius and other crypto lending platforms suffered due to the loss of value, as people could pay their loans at a discount. They lost most of their money during the crash and had to decide how they would continue after the crash. The company decided to stop withdrawals from its platform. This had a more major impact on the crypto market than expected.
Many cryptocurrency tokens lost a huge chunk of their value, and the company lost its credibility. Goldman Sachs identifies investment opportunities where others see failures and problems. They have seen that Celsius is struggling and may end up collapsing. The investment bank has already started looking for investors to help them come up with $2 billion to buy the crypto lending platform in case it goes bankrupt.
With the current trend in the market, the future for the current management and Celsius seems to worsen with every passing day. If this happens, Goldman Sachs will already have the money to buy Celsius and all its assets. Considering that the assets were valued at $12 billion in May, $2 billion will be a buyer at a discount. The bank is showing investors that this might be a good time to buy assets while being sold at a bargain.
