Slyck.com
 
Slyck Chatbox - And More

Here's What Goldman Is Telling Big Money Clients About Bitcoin

What's happening in the technology world! Please submit stories for this forum here.
Forum rules
PLEASE READ BEFORE POSTING: Slyck Forum Rules

Here's What Goldman Is Telling Big Money Clients About Bitcoin

Postby MrFredPFL » Thu Aug 10, 2017 12:51 am

Story : https://www.bloomberg.com/news/articles/2017-08-09/here-s-what-goldman-is-tellin





Goldman Sachs Group Inc. is acknowledging that it’s getting harder for institutional investors to ignore the cryptocurrency market with total assets ballooning to $120 billion and bitcoin soaring more than 200 percent this year.

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” analysts including Robert Boroujerdi and Jessica Binder Graham wrote in a Q&A sent to clients.

The debate has shifted from the legitimacy of the “fiat of the Internet” to how fast new entrants are raising funds, with initial coin offerings and fundraising that now exceeds Internet angel and seed investing. These are some of the questions the Goldman Sachs analysts answered:

Digital exchanges and block trades, and options will be coming soon. While individual investors can trade virtual coins on various online exchanges, institutional traders have largely stayed out of the cryptocurrency market due to its relatively small size, structure of mandates and volatility. But block trading exists to facilitate the execution of larger orders. In addition, Bitcoin options exist and are traded on offshore exchanges, and could be traded in the U.S. by the end of the year.







User avatar
MrFredPFL
I am Spartacus
 
Posts: 14886
Joined: Wed Aug 17, 2005 4:48 pm

Re: Here's What Goldman Is Telling Big Money Clients About B

Postby Dazzle_2 » Mon Aug 14, 2017 4:34 pm

When the established banking moguls seek to get on board with something they dont control you can expect them at some stage to rig the game in their favour, new types of transaction and maybe even everyone moving to a single global currency would suit them very well :tinfoilhat:

I prefer gold still, lovely gold britannias are my coins of choice :lol:
Dazzle_2
 
Posts: 857
Joined: Sun Sep 16, 2007 6:44 pm


Return to Tech/Internet/Other News

Who is online

Users browsing this forum: No registered users and 2 guests

© 2001-2008 Slyck.com