Source: https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html
In the May 2nd New York Times article, Goldman Sachs has confirmed a near term launch of thier Bitcoin Trading Operation. This was initially announced back in December and was seen as outside of Goldman’s CEO constant criticism of Bitcoin.
But Goldman has warmed up to Bitcoin. Wall Street has warmed up to Bitcoin and sooner or later we will see some whales getting in this shallow crypto currency pond and seeing the effects.
I see this as very positive news since when you open an exchange you have to buy or purchase inventory. In this case they would need to buy a lot of Bitcoin or other cyrpto’s. That goes for any new exchange that trades Bitcoin (hmmm....making me think now if GS will be doing this). We will give them the benefit of the doubt and let see what happens.
Good news.
You have a minor misspelling in the following sentence:
It should be their instead of thier.Thank you :-)
Are you kidding if goldman SAch was the most criticed of this technology, and imagine, that time after they say we star to trading with cryptos specially bitcoin it is a good news for all cryptos, specialle for us which have Steem.
best regard.
Goldman is in it for itself. They are not goin going to tell the world their intentions or truth with any investments.
The other "bitcoin" exchange doesn't have any bitcoin. It is just dollar bets on bitcoin price movement.
I think many exchanges coming will need to gather inventory which can be seen as a positive....no?
Never give bankers the benefit of the doubt!
I knew somebody would say this :-)
This creates another channel for more manipulations.
Very true. We will be in crowded waters from this point forward.
Sounds positive for the Cryptos.
I really think May is going to surprise us to the upside....and some coins “not performing as well”.