Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Former Goldman Sachs Executive Says He Would Put His Mother’s Money Into Bitcoin

written by

Former Goldman Sachs Executive Says He Would Put His Mother's Money Into Bitcoin

Support free journalists: > send a tip

The former Vice President of the Investment Management Division at major Wall Street financial firm Goldman Sachs, Christopher Mattis, said in an interview on CNBC that he would invest his mother’s money into Bitcoin. He is now the Co-Founder of Crescent Crypto Asset Management and expects Bitcoin’s price to return to USD 15,000.

In general, he says Bitcoin is a long-term investment, and it isn’t proper to look at 1-month price fluctuations when investing since there is a large amount of short-term price volatility. He recommends to all of his investors that they look 2-5 years into the future when dealing with Bitcoin. This is an excellent advice since Bitcoin has a tendency to increase in price by an order of magnitude every 2-3 years. It is combined with a tendency to decline 90% from the peak of a rally, which often scares investors out of the Bitcoin market, only to be followed by an even bigger rally.

Christopher Mattis thinks that more smart regulation in the crypto space can be good for the Bitcoin market, and his view is that regulators have generally been positive towards crypto. Like other cryptocurrency experts, Christopher Mattis thinks a Bitcoin exchange-traded fund (ETF) can be a positive catalyst for the market, and he also says cryptocurrency custodianship will bring in institutional investment money that has been waiting on the sidelines. Additionally, he says it’s hard to draw a causation between the launch of Bitcoin futures and the decline in the market, which is a theory proposed by Thomas Lee at Fundstrat Global Advisors.

Christopher Mattis says that his firm Crypto Asset Management is getting many new crypto investors despite the market downturn, and that these investors recognize that Bitcoin will be going up long term, and that low Bitcoin prices are actually a good thing since it facilitates a better investment entry point.

Follow on Twitter at @BitcoinNewsCom

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter