📰 Goldman Sachs Still Thinking About Bitcoin

in #news7 years ago

Will Goldman Sachs Trade BTC soon?


Just recently you might have seen reports on the plans of Wall street Giant Goldman Sachs to eventually launch a CryptoCurrency Trading operation, mainly focused on Bitcoin. It actually got published within the Wall Street Journal and therefore raised a lot of attention in the public.

Maybe that´s as well the reason why CEO Lloyd Blankfein published a short statement on Twitter in regards to those news to clarify that Goldman Sachs hasn´t reached a Decision yet but neither endorses nor rejects the idea at the very moment.

Nonetheless the exact words of Lloyd Blankfein included the comment that "folks also were skeptical when paper money displaced gold." In my opinion that´s definitely a very positive sign in regards to their CryptoCurrency trading operation, which might just give Bitcoin the kick it´d need right now...

On the other hand it´s as well quite reasonable that the Decision will be postponed for a while until there is less of a war going on between the officials and the CryptoCurrencies or maybe even until the US comes to a conclusion in regards to the whole topic. The market might maybe just be to unstable for Goldman Sachs to enter it right now.

What´s your opinion on it?
Will we see Goldman Sachs trading BTC soon?

(Source 1 - Cryptocoinsnews.com)
(Source 2 - Twitter.com)



header divider.PNG

Join @ADSactly, A Worldwide Crypto Community!


Upvote, Resteem & Follow me @Steembusiness
(A Proud German Ambassador from & for Teamaustralia!)

Sort:  

GS is not still thinking about Bitcoin, it has been quietly acquiring this crypto coin behind the scene.

You are probably right. Goldman Slick Sachs.

Very very likely. The only thing that might speak against it is the current insecurity on the crypto markets.

My view is Lloyd will make his "decision" after Goldman Sachs had time to amass a significant holding in Bitcoin and other cryptocurrencies.

Bankers like to say one things while doing the exact opposite. Just like Dimon was out there blasting BTC calling it a fraud only to find out JPM was buying it a day or two later.

I do not believe Lloyd is any different. Hell GS paid a multi billion dollar fine for shorting mortgage backed securities while touting how wonderful they were to their clients who they were sell long to.

If Lloyd can make a buck, he will get into it. And Cryptos are more legit than half the crap(read derivatives) Wall Street sells.

They always take every possibility to make some more money. In cryptos it might just be a little different story as the investment could be worth 50% less in a single day.

So big companies like Goldman sacks need to answer a lot of other questions. Can they get into a large position. Can they get out of a large position (without moving the markets). See if they go in an one rich client starts telling all his friends at the country club about the money he is making Goldman needs to be able to take in -and out- large sums of money. Individuals don't have to worry about that. The entire market capitalization of crypto is about the size of the One Company (Home Depot). It makes it hard to move large amounts of money.

True, those are all relevant factors. But I still guess that they are actually already invested at least a little.

thanks for your post

The involvement of a big player like Goldman would lead more ideas and business developments to be a crypto-currency of its own. The trading amongst the supporters and investors would create great value and satisfy needs.

GS for Bitcoin is like Roaches for RAID.

GS could probably reconsider this one. Once positive and GS will pull the trigger, this can make bitcoin more mainstream and bitcoin value will go bullish once again.