View full page at cryptocraft.com

 

After Bitcoin ‘Betrayal,’ Goldman Sachs Is Suddenly Betting Big On Crypto And Blockchain

From forbes.com

Goldman along with Wall Street banking rival JPMorgan, has a mixed history with bitcoin. After cheering bitcoin's epic 2017 rally to around $20,000 in 2017, Goldman Sachs "betrayed" bitcoin believers in May this year when the bank's top analysts revealed a Buzzfeed-style "five-reasons-why" they didn't think bitcoin and cryptocurrencies should be considered an asset class in a much-hyped investor call. "We are exploring the commercial viability of creating our own fiat digital token, but it’s early days as we continue to work through the potential use cases," Goldman Sachs' new digital assets boss Mathew McDermott ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis