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Report: Goldman Sachs to start bitcoin trading desk next week

Report: Goldman Sachs to start bitcoin trading desk next week



View Reddit by kyle_h2486View Source

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5 Comments

  1. That’s really exciting news. I am loving seeing big companies/firms getting involved, as it lends crypto much more legitimacy. Even someone who knows nothing about crypto, aside from the fact that it exists, would become interested if big names start moving in the crypto market. This is such an exciting time!

  2. Genuine question: do you guys think this is bullish or bearish for price? Didn’t they last do this at the peak of the last bull run: [https://www.nasdaq.com/articles/goldman-sachs-relaunching-crypto-trading-desk-after-3-year-pause-2021-03-01](https://www.nasdaq.com/articles/goldman-sachs-relaunching-crypto-trading-desk-after-3-year-pause-2021-03-01)

    Institutional adoption is generally a good thing for crypto but I wonder if Goldman only gets in the game to speculate on the downside (and potentially manipulate market)

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