Circle to Double Minimum BTC Trade Size to $500k

CEO of Circle, company backed by Goldman Sachs, says that "the market is robust"
23 April 2018   908

Jeremy Allaire, CEO of Circle, funded by Goldman Sachs, told Business Insider that the over-the-counter trade in bitcoins began to gain momentum as part of his service, which forced the firm to double the minimum amount for a cryptocurrency transaction: from 250,000 to 500,000 dollars. Allaire explains this by saying that "the market is robust."

The minimum ticket size has moved up to $500,000 with an average of $1 million. That watermark will continue to rise.
 

Jeremy Allaire

CEO, Circle

Over-the-counter transactions go beyond the traditional books of exchange, such as GDAX, Kraken or Binance, as their execution requires compliance with certain conditions.

Trading platforms like Circle can boast of increased liquidity and that allow institutional investors and large traders with their own capital to participate in trades without seriously affecting the market.

If I have $5 million, I can't do that trade on GDAX. 
 

Anonymous 

OTC platforms can provide a more secure alternative to crypto exchanges, which are known for hacks and outages.

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   253

While Wall Street representatives sometimes come back to criticize Bitcoin, the well-known investment bank Goldman Sachs gives its own forecast for the price of cryptocurrency. To the surprise of many, it turned out to be bullish.

A note for Goldman Sachs customers on Twitter shared by Three Arrows Capital CEO Su Zhu.

As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.

An unnamed analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.

On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084.

What is more surprising: that Goldman Sachs has a bullish target on BTC, that they have any target at all, or that they use Elliott Wave Theory? I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.
 

Su Zhu
CEO, Three Arrows

Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.