Goldman’s Going on a Crypto Company Buying Spree, but Is That Good for Crypto?

Goldman Sachs plans to spend tens of millions of dollars buying crypto firms at reset prices.

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ABOUT

This episode is sponsored by Nexo.io, Circle and Kraken.

In a conversation with Reuters, Goldman Sachs’ head of digital assets suggested the bank would be spending tens of millions of dollars to invest in, or buy outright, crypto firms whose prices had come down significantly in the wake of the FTX collapse. In today’s episode, NLW looks at the latest news on that collapse and whether TradFi companies like Goldman Sachs becoming the leader of the space is an unreservedly good thing.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: baramee2554/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.