Goldman Sachs is eyeing bitcoin, which it is considering starting to operate with
Posted: Tue Jan 07, 2025 8:40 am
Bitcoin 's popularity is skyrocketing. And the famous investment bank Goldman Sachs , which is not one to miss a beat, is already looking into the possibility of trading in bitcoins and other virtual currencies, given that its clients are showing increasing interest in the so-called "cryptocurrencies."
There is currently a debate on Wall Street to decide whether Bitcoin and other virtual currencies are truly a real alternative to investments or whether, on the contrary, they are under the shadow of fraud.
What is clear is that Bitcoin is a currency on the rise. And if it continues its frenetic growth so far, it could jump 40% and reach $6,000 in just a few months.
According to sources close to Goldman Sachs, the financial institution is simply analyzing (in an initial phase) the viability of bitcoin and its final decision will not necessarily translate into the adoption of this currency.
The New York bank is currently in talks with experts in new virtual currencies, but it does not yet have a business plan, a timetable or concrete investments with an eye on Bitcoin.
"In response to client interest in digital currencies, we are exploring how best to meet algeria phone number demands," Goldman Sachs spokeswoman Tiffany Galvin told The Wall Street Journal .
Goldman Sachs' interest in bitcoin comes at a time when the famous "cryptocurrency" is receiving a lot of criticism. A few weeks ago, JP Morgan CEO Jamie Dimon said that bitcoin was a fraud . And the ECB has also recently warned about the risks associated with virtual currencies.
Even so, there are quite a few hedge funds on Wall Street that are betting heavily on cryptocurrencies .
There is currently a debate on Wall Street to decide whether Bitcoin and other virtual currencies are truly a real alternative to investments or whether, on the contrary, they are under the shadow of fraud.
What is clear is that Bitcoin is a currency on the rise. And if it continues its frenetic growth so far, it could jump 40% and reach $6,000 in just a few months.
According to sources close to Goldman Sachs, the financial institution is simply analyzing (in an initial phase) the viability of bitcoin and its final decision will not necessarily translate into the adoption of this currency.
The New York bank is currently in talks with experts in new virtual currencies, but it does not yet have a business plan, a timetable or concrete investments with an eye on Bitcoin.
"In response to client interest in digital currencies, we are exploring how best to meet algeria phone number demands," Goldman Sachs spokeswoman Tiffany Galvin told The Wall Street Journal .
Goldman Sachs' interest in bitcoin comes at a time when the famous "cryptocurrency" is receiving a lot of criticism. A few weeks ago, JP Morgan CEO Jamie Dimon said that bitcoin was a fraud . And the ECB has also recently warned about the risks associated with virtual currencies.
Even so, there are quite a few hedge funds on Wall Street that are betting heavily on cryptocurrencies .