Beware of the FAKE NEWS People
Bloomberg is waging an all out FUD war against Cryptocurrencies.
Bloomberg trying to tell people that Cryptocurrency is going to ZERO
https://www.bloomberg.com/news/articles/2018-02-07/get-ready-for-most-cryptocurrencies-to-hit-zero-goldman-says
CNBC is telling the same exact story
https://www.cnbc.com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html
Reader Beware:
How about we examine what is really going on?
In the article Goldman Sachs is stating that cryptocurrencies are worthless and will go to zero. Why would they say that? Because it is in their best interest to see cryptocurrencies perform poorly. For the same reason banks are scared to death of the thought that cryptocurrencies will eventually replace them, Goldman Sachs is scared to death that cryptocurrencies will put them out of business. If Goldman Sachs told the truth, it would be like General Motors publically stating that Toyota is a better product. The fact Goldman Sachs will go to the extent to state cryptocurrencies are worthless and will drop to zero is an act in PURE DESPERATION. Goldman Sachs is feeling the pressure of people pulling out of their investment management company and putting their money elsewhere. Namely Cryptocurrencies.
Bloomberg Anti-Cryptocurrency Campaign
Bloomberg loves whenever any large financial institution to make these kinds of statements. This legitimizes Bloomberg's anti-cryptocurrency campaign. The fact is the Bloomberg is spewing tons of FUD about Cryptocurrencies to steer investors away from cryptocurrencies toward the stock market.
CNBC will just report anything
CNBC joined in on this bit of FUD, but I can't tell what CNBC agenda is. CNBC is all over the map with their news. It seems like they will just report anything. In the very same day CNBC reported that cryptocurrencies will go to zero, they also reported that the cryptocurrency market will pass 1 trillion this year. The reality is if you make any decisions based on CNBC news, it is highly likely you will loose your money!