By Kenny - Crypto Dealer - 03-11-2021
An analyst from Goldman Sachs has stated that the price to buy Ethereum (ETH) will likely rise to $8000 by 2022. According to the analyst, Ethereum is currently showing similar patterns as it did in 2019. The Global Market managing director of Goldman Sachs, Bernhard Rzymelka, had compared the Galaxy Crypto Index from Bloomberg to the USD 2-year forward rate with the 2-year inflation swap. The comparisons imply that inflation is the catalyst and motivation that has actually supported the growth of Ethereum and other altcoins.
Rzymelka had previously noted to clients that the latest events are indeed supporting Ethereum rather than hindering the token, as the director further talked about the asset's recent gains. To back Rzymelka's statement that ETH is doing well despite inflation breakeven, the price to buy ETH has risen past $4,400. However, Goldman Sachs has stated that the recent gains have also formed a narrow wedge in charts that could indicate tiredness or that the coin is peaking if it hasn't already peaked in its latest rally.
The company have explained further that the analysis doesn't show signs that this could be the beginning point of a boosted rally to reach even new and higher all-time highs. That being said, due to the crypto market investments patterns, there is a chance that Ethereum could well surge above $8000 in the last quarter of 2021. Although, Goldman Sachs asset experts have mentioned that Ethereum's Relative Strength Index (RSI) has not yet reached the overbought level even when market prices were high.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
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For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
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