/biz/ - Business & Finance

Goldman banker here (pic related for proof) working for our crypto department. Chainlink is a massive sell right now. The technology is great, the idea for centralized oracles is great. Unfortunately chainlink itself is not. There is literally no reason for a token to be used for this type of technology. It is completely redundant and an attempt to make the early holders rich. Unfortunately for chainlink anyone can develop the same thing and not require people use their token. That’s what banks are doing right now, including my own. No change major banks are going to trust some token for their major transactions.

We have a small short position in chainlink, we can’t go too big here since crypto can get very irrational, but the long term fair value of chainlink is precisely zero.