Goldman Sachs Will Build Cryptocurrency Bureau!

There were a lot of rumors about this subject, but according to a report published by Bloomberg yesterday, US-based giant bank Goldman Sachs will operate a crypto currency trading office by the end of June 2018.

Bloomberg points to an anonymous name from within the company as the source. Currently, the bank is discussing how to store cryptocurrencies under heavy transaction volume.. A very important statement was also included in the news:

“The crypto money transactions to be opened in Goldman Sachs will host the first cryptocurrency markets available on Wall Street. ”

The Bank is Cautious But Open-Sighted

Goldman Sachs’ CEO, Lloyd Blankfein, had previously made statements saying that he was skeptical of cryptocurrencies, but was open-minded.

“Bitcoin is not something I like. But there had been a lot of similar things in the past that I didn’t like, and they worked out great in the end.. If Bitcoin succeeds 20 years from now, I could give you reasons why. But based on what I know now about the market, I can’t say for sure whether it will succeed or fail.”

If you recall, the firm started trading Bitcoin futures contracts (futures) to its clients earlier this month. He said they would open. This was actually a very important step considering that the ‘conservative’ perspective of the bank was high.. However, after that, the bank made a strange statement that “some of our customers should have a balance in their accounts equal to the value of their futures transactions”.. There were even customers who gave up on using the bank after that.

Basically an investment bank, Goldman Sachs is seen as one of the most elite firms on Wall Street.. Some of the firm’s senior executives even have strong ties to the US government. Even the current US secretary of the treasury Steve Mnuchin and former secretary Hank Poulson hold high positions within the bank.. Now that the reputable firm has announced that it will allow Bitcoin transactions, it is inevitable that other Wall Street companies will follow suit.. Futures trading on CBOE and CME has increased awareness of Bitcoin, while Goldman Sachs has a chance to make Bitcoin massively official.

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