Bank Goldman Sachs explores the possibility of investing in bitcoins

The bank's analysts have issued numerous predictive reports in recent months, advising their clients on cryptoneon.

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There is a rumor that Goldman Sachs, the investment bank of Wall Street, is preparing a new trading team dedicated to Bitcoin. And is that as published in The Wall Street Journal, the institution is in the early stages of this new project, although the commercial operation could accommodate more than one office within the bank. In his published article:

Goldman's effort involves its currency segment and the strategic investment group owned by the bank. This suggests that the company believes that the future of Bitcoin aims at a payment method rather than a way to store and protect capital, such as gold. "

Goldman Sachs representatives did not respond to a request to give an opinion, but one of its spokespersons told the aforementioned that, thinking of the interests of the clientele, "they are exploring the best way to provide services in the field of the criptomonedas, especially Bitcoin ".

Right now, it is not surprising to think that Goldman's customers are asking for closer access to cryptoactive markets through the bank, because of the moves the institution has had in the past.

Since the beginning of the summer, analysts at Goldman Sachs have issued predictive notes on the Bitcoin market, one of the most notable being the head of the institution, Sheba Jafari, as it was stipulated that Bitcoin would exceed $ 4800. It is worth remembering that on that day in August Bitcoin overcame the $ 4000 barrier for the first time.

The particular thing is that beyond the predictions, Goldman has also commented to his clients that more and more people are joining this market, because in a report of questions and answers published the same month, which included questions which included Ethereum, Initial Coverage Bids (ICO), and methods in which crypto-currencies can be traded in the United States, Goldman analysts said:

Believe it or not on the merit of investing in criptomonedas, real dollars are working here and deserve to be seen. "

That event continued with the market analysis sent to the bank's clients in recent months ... in several of them it was recommended that users be aware of the future development of cryptoactive, even if they are not committed to make any investment.

Considering that Goldman Sachs is one of the largest banks in the world, the striking contrast between its stance and that of Jamie Dimon, CEO of JPMorgan, is striking. He said in mid-September that "Bitcoin was nothing more than a fraud ". This generated a very intense discussion in several sectors of industry, especially since, shortly after the fall in the price of the BTC to just over $ 2900, were found evidence that linked his company to the purchase of several shares in one exchange of Bitcoin. The European company Blockswater filed a complaint with the Swedish Financial Supervisory Authority (FSA) alleging that, through misleading and false information, Dimon breached the European Union Market Abuse Regulation.

The truth is that it seems complicated to believe that the crusade of Dimon against Bitcoin will end soon, since recently the entrepreneur returned to lash against the criptomoneda, affirming that it is only a novelty and that it will end badly.

Source: www.coindesk.com
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