Goldman Sachs to start trading Bitcoin!

That is a far cry from where they were just a few months ago.

The news release can be seen here:

https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html

They were unsure if they were even going to make a market in it for their clients just a few months ago.

Hold your horses:

Before we get too excited, it doesn't look like they will be trading bitcoin directly just yet.

As of right now they are going to allow clients to buy and sell futures contracts using the firm's money.

However, they are also in the process of gaining regulatory approval to trade actual btc.

When that happens, that will be the big game changer for bitcoin.

(Source: https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Oil-Prices-To-Remain-Under-60-In-H1-2017.html)

Good news either way:

Either way though, this adds some serious credibility to the space and is likely very good news going forward.

With all the other potential bullish signs emerging as well, I would not be surprised to see cryptocurrencies have a very good summer.

This might be the first time in history retail is in an investment before Wall Street.