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Goldman Sachs’ Gary Black closed his TSLA position after the company purchased $1.5B in BTC, dodging a 28% crash. Now he’s calling for the company to dump Bitcoin for share buybacks. Go to Source Powered by WPeMatico
Is this the moment of truth for the real value of Bitcoin? February seems to have been a watershed moment in its history. Go to Source Powered by WPeMatico
Heath Terry has said it would be “hard to see a world where blockchain technology doesn’t change the way we think about asset ownership.” Go to Source Powered by WPeMatico
The Bitcoin market is a different beast compared to late 2017 when Goldman Sachs balked at launching its crypto trading desk. Go to Source Powered by WPeMatico
Global investment bank Goldman Sachs has brought back its bitcoin trading desk and will start handling bitcoin futures next week. The firm is also reportedly exploring the potential for a bitcoin exchange-traded fund (ETF) and plans to provide a crypto custody service. Goldman Sachs Group Inc. has restarted its cryptocurrency trading desk, Reuters reported Monday, … Read more
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin’s rally back to $50,000. Go to Source Powered by WPeMatico
Elon Musk is either the hero or the villian of the year after Tesla’s Bitcoin purchase polarized opinion among institutional investors. Go to Source Powered by WPeMatico
The San Francisco-based cryptocurrency exchange Coinbase recently announced the company plans to do a direct listing, as opposed to following the initial public offering (IPO) route. The decision means that Coinbase can float its shares on an exchange without hiring a financial institution to underwrite the settlements. Coinbase to Skip IPO Process, Shoots for a … Read more
The CEO of Goldman Sachs believes regulators will not be able to monitor the financial system if Bitcoin is allowed to flourish in its present form. Go to Source Powered by WPeMatico
Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more … Read more
