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Monday, October 9, 2017

Crypto News: Rumor or Not: Goldman Trading Would Change Bitcoin

Rumor or Not: Goldman Trading Would Change Bitcoin

While Jamie Dimon may be convinced bitcoin is a fraud, it appears that the competition has a different view.

Earlier last week, The Wall Street Journal reported on a rumor that Goldman Sachs is considering putting together a new trading outfit for cryptocurrencies. Its CEO, Lloyd Blankfein, later tweeted that he was undecided on bitcoin as a currency, deftly skirting the issue. Of course, it's not necessary to "believe" in the bitcoin story to see that there's money to be made by trading it (and Goldman Sachs research covers bitcoin as an asset).

If true, however, this is more than just another example of Wall Street and bitcoin getting closer. First of all, Goldman Sachs would not be alone in putting financial weight behind bitcoin.

Fidelity Investments has been working on bitcoin-related projects for some time through its R&D arm Fidelity Labs, most recently unveiling a partnership with Coinbase to enable account holders to track their cryptocurrency holdings alongside more traditional assets.

Full story at

Source: CoinDesk

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