Goldman Sachs and Wall Street ... "Conclusion that bitcoin is not a scam"

in #bitcoin7 years ago (edited)

Wall Street in the United States is entering the cryptographic market in earnest.
The New York Stock Exchange, which has been watching the situation since the Chicago Commodity Exchange (CME) created a bitcoin gift in December last year, recently announced the formalization of the development of a virtual money platform and Goldman Sachs, the big player in the capital market, , The atmosphere is changing.
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According to the virtual money industry on December 12, Goldman Sachs first entered the virtual money market as one of the largest investment banks in Wall Street. Wall Street has been depreciating the value of virtual money as a means of investment because of its price fluctuations.
The fact that Wall Street's gaze on the bitcoin has recently begun to change is also encouraging for the virtual currency faction. The 'bitcoin' has been raised from the extreme evaluation of 'fraud' to 'price bubble', but now it is calmly recognizing and rechecking the value.

Goldman Sachs does not deal directly with Bitcoin, but will invest in derivatives. So I decided to go to the bitcoin derivatives trading business. Said it will begin trading bitcoin futures using its operating assets within the next few weeks.

Goldman Sachs said the decision was made by investors who wanted to keep the bitcoin as an asset. "Goldman Sachs has concluded that it is not a fraud for virtual money, such as Bitcoin."
Bitcoin, which plays the role of a master of virtual money, is transforming into an investment product. But the NYSE (NYSE), the world's largest stock exchange, is also developing an online trading platform for virtual currency trading. This is a system where investors can buy and hold bitcoins.
It is also observed that major Wall Street investors who are moving the global economy are now recognizing virtual money as a stable asset-building tool.

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