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Saturday, August 12, 2017

Institutional Investors Can No Longer Ignore Bitcoin: Goldman Sachs

Institutional Investors Can No Longer Ignore Bitcoin: Goldman Sachs

Earlier this week, Goldman Sachs, the $90 bln investment banking firm, told its investors and clients that it is becoming more difficult for institutional investors to ignore Bitcoin and the cryptocurrency market.


In a letter to its investors, clients and portfolio managers, JP Morgan analyst Robert D. Boroujerdi wrote:


"With the total value nearly $120 bln, it’s getting harder for institutional investors to ignore cryptocurrencies. There are currently over 800 cryptocurrencies out there, though just nine have a market cap in excess of $1 bln.”


Full story at http://bit.ly/2uPncEr


Source: CoinTelegraph


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