Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
If so, I might caution you from opening e-mail solicitations you receive from individuals in Nigeria informing you that you are the beneficiary of millions of dollars from recently deposed warlords in that nation or other sub-Saharan locales.
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I mean, come on. Major financial institutions including Goldman Sachs, JP Morgan Chase, Wells Fargo, The Carlyle Group and more are informed a full day in advance of what the Fed governors are thinking, and the American public is supposed to buy that as an accident?
If the individual at the center of this “accidental release” were a recent college graduate who should not have had exposure to the release in the first place but somehow sent it to his pals at major banks to show “Hey, look what I got”, then that might be explainable . . . but that is not the case here.
Who knew what, and when did he know it, and what did he do with it? Let's navigate (and with props to ZeroHedge) review the career of Brian J. Gross, the individual implicated in this “accidental leak.”
Texas A&M University
BA, economics and historyGeorgetown University Law Center, J.D.
Staff Counsel; The Hon. Phil Gramm* Staff Counsel – Senate (1991-1998)
* Director of Communications – Senate (1985-1991)
* Legislative Assistant – House of Representatives (1982-1985)Deputy Staff Director
U.S. Senate Committee on Banking, Housing and Urban AffairsDirector of External Communications
US Securities and Exchange CommissionSpecial Assistant to the Board
Federal Reserve Board
2
So, do you think this “accidental leak” was really an accident? Or perhaps the accident was the fact that somehow it was accidentally learned by those outside the circle of recipients.
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Think that maybe, just maybe, Mr. Gross was trying to ingratiate himself with his clientele?
He signed off this particular email, which was reviewed by The Wall Street Journal:
“As always, please let us know if we may be of further assistance”
But of course . . . the “further assistance” is nothing more than the grease that keeps the revolving door between Wall Street and Washington so well oiled.
The rest of us should just continue to “bend over,” right?
Perhaps we may all fortuitously receive such accidental good fortune as receiving a Federal Reserve release a day in advance as we all “navigate accordingly.”
Larry Doyle
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I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.