THELOGICALINDIAN - Acquiescing to its audience demands Goldman Sachs reasserted its absorption in abutting the cryptocurrency appearance during its aftermost balance call
Clients accept been requesting the multi-national accounts behemothic Goldman Sachs to participate in the cryptocurrency trading industry. Marketwatch reports that on the balance alarm of December 17, 2018, Chief Financial Officer R. Martin Chavez underscored that the best agitative angle of the accepted chic is blockchain technology:
Chavez additionally added:
Chavez additionally referred to the achievability of Goldman Sachs trading alone cryptocurrencies. In this regard, he accustomed that Goldman Sachs was because several issues that would accept to be addressed first:
Thus, Chavez’s statements assume to affirm beforehand letters that Goldman Sachs was already accumulating a aggregation to set up a cryptocurrency trading desk. And, according to Bloomberg sources, the cryptocurrency trading board would be in operation by the end of June 2018.
Bitcoin is a volatile asset, and accordingly it conveys risk. However, Goldman Sachs audience do not assume to be too risk-adverse according to a survey.
Recently, added than 1400 Goldman Sachs audience alternate in a Marquee QuickPoll analysis advised to ascertain their sentiments on the banking bazaar 2024. Analysis participants bidding their opinions on treasury yields, gold, and Bitcoin. As a result, the analysis revealed:
Regarding Bitcoin, the analysis produced hasty results, according to Oscar Ostlund, Chief of New York FX Market Strats in the Securities Division. For example, participants were asked, “Where do you see Bitcoin by the end of 2024?” Participants responded as apparent below:
Interest in Bitcoin and its technologies is banishment big banking institutions to actively accede abacus these assets to their portfolios. As The Wall Street Journal appear aftermost October, a Goldman agent said:
The amplification of Bitcoin and added cryptocurrencies will best acceptable abide to animate the audience of institutional investors to advance for atypical and aggressive crypto-based banking solutions.
How do you anticipate Goldman Sachs’ Cryptocurrency Trading Desk will appulse Bitcoin? Let us apperceive in the comments below!
Images address of Goldman Sachs, Twitter
