Downside risks for BTC price are also heightened due to the recent dollar bounce.
Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk.
Goldman Sachs has backed a Series A $28 million funding round for Blockdaemon, and invested $5 million in the blockchain infrastructure firm.
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation.
After years of anticipation, Goldman is finally offering institutional partners trading services.
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency.
John Waldron said the investment management firm would “continue to evaluate” and “engage on” crypto for customers.
Goldman Sachs’ Gary Black closed his TSLA position after the company purchased $1.5B in BTC, dodging a 28% crash. Now he’s calling for the company to dump Bitcoin for share buybacks.
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin’s rally back to $50,000.
Blankfein misrepresented bitcoin’s traceability and falsely claimed users are blind to their counter-parties.