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Goldman: This Can Be The Start Of A New Crypto Bubble, And...

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by Tyler Durden
Wednesday, Nov 13, 2024 - 03:15 AM

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By Paolo Schiavone, Goldman FICC VP and trader

A continued rally in bitcoin transmits liquidity to all crypto ecosystems. This can be the start of a new crypto bubble.  As always, rule number 1 is When I see a bubble forming, I rush in to buy, adding fuel to the fire.” 

Moving to traditional asset classes. There is a dislocation in implied volatility x-assets. While equity vol has dropped significantly Rates and FX vols are lagging.

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