Bitmexs Hayes: Dont Believe Goldman Sachs is Putting its Own Money At Risk to Buy Assets From Celsius Network

Celsius Network Assets

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Categories: Cryptocurrency

Arthur Hayes has cautioned the cryptocurrency community not to believe that Goldman Sachs will risk its own money to buy assets from the Celsius network. Mr. Hayes explained that Goldman Sachs will simply gather a group of investors to help structure the purchase of distressed assets at a one-off fee.

He is also hopeful that if the purchase of Celsius Network's assets is successful, withdrawals can be enabled once again and confidence in the crypto markets can be restored. BitMEX founder and former CEO, Arthur Hayes has cautioned the crypto community against believing that Goldman Sachs giant Wall Street bank will risk its own money to buy assets from Celsius Network's crypto lending platform.His comments come in the wake of news that Goldman Sachs is seeking $2 billion in commitments from investors to buy the aforementioned distressed assets from the Celsius Network.

Hayes think Goldman Sachs can put its own funds at a risk to lend money to a Platform it has invented in, since it Believes that Celsius Network is not at risk while giving other investors the chance to participate.

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