Despite the downtrend people from Goldman Sachs join the crypto market?
Today was an interesting news that former vice-president from Goldman Sachs Richard Kim has joined the Galaxy Digital as a COO. For those who are not in theme Galaxy Digital is cryptocurrency bank that was found Mike Novogratz the well known investor and cryptoenthusiast.
Novogratz has started to invest in cryptocurrencies when he worked in Goldman Sachs and now he attract the former employees from his previous work (source: https://www.bloomberg.com/news/articles/2018-04-09/novogratz-s-galaxy-is-said-to-lure-kim-from-goldman-sachs-as-coo)
The other employee of Goldman Sachs Michael Bucella has joined the BlockTower Capital cryptocurrency fund. James Radecki, another former employee of the Wall Street bank, left the institution in 2016 and currently works as head of business development at Cumberland Mining, one of the largest firms engaged in trading in crypto-currencies (source: https://hype.codes/ex-vp-goldman-join-novogratzs-bank-bloomberg-says).
In December 2017 there was news that Goldman Sachs is setting up a trading desk to make markets in digital currencies such as BTC, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June (source: https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk).
So Goldman Sachs is not only a source of employees but soon will be a significant player in cryptocurrency market. We believe that in the near future the BTC will grow and so if you don`t want to miss something pls follow us or invest.
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