Tag Archives: Goldman Sachs

Cryptocurrencies Will Replace Fiat By 2030, International Blockchain Speaker Claims

Cryptocurrencies Will Replace Fiat By 2030, International Blockchain Speaker Claims

Nicholas Merten, the founder of DataDash, the largest cryptocurrency YouTube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. Nicholas [email protected]_Merten From what […]

Goldman Sachs Investing in Crypto Custodian BitGo

Goldman Sachs Investing in Crypto Custodian BitGo

Goldman Sachs and Mike Novogratz’ venture capital fund Galaxy Digital Ventures are investing in crypto custody solution provider BitGo Holdings. Here is how BitGo, which calls itself “the market leader in institutional-grade cryptocurrency security”, announced the news on Twitter: [email protected] Proud to have @GoldmanSachs and #GalaxyDigital on our side: Goldman and billionaire Mike Novogratz are investing in […]

Former Hedge Fund Head Mike Novogratz Isn’t Bullish About Latest Bitcoin Price Prediction

Former Hedge Fund Head Mike Novogratz Isn’t Bullish About Latest Bitcoin Price Prediction

“I don’t think it breaks $9,000 this year,” ventured former hedge fund chief and founder of Galaxy Digital, Mike Novogratz, about bitcoin’s price during a talk he delivered at the Finance Disrupted event organized by The Economist in Manhattan.. The Wall Street heavyweight’s new position is an informed about-face from his previous “$40,000  by year end” prediction. […]

Fidelity CEO Teases Crypto Product Announcement By “End of the Year”

Fidelity CEO Teases Crypto Product Announcement By “End of the Year”

Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true. Fidelity Investments CEO Reveals Work on Crypto Products, Announcement Coming While speaking during last week’s […]

Does Crypto Really Need Wall Street?

Does Crypto Really Need Wall Street?

Wall street banking juggernaut, Goldman Sachs recently announced that it would be shelving plans to set up a cryptocurrency trading desk, indefinitely. The news apparently sent the crypto market sliding downwards, with bitcoin shedding as much as 5.3% of it’s value. The reluctance of incumbent institutions to acknowledge digital assets, coupled with regulatory uncertainty have raised an important important question: does the […]

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]

Crypto Market in Free Fall- Is it Fundamental, Technical or Something More Sinister?

Crypto Market in Free Fall- Is it Fundamental, Technical or Something More Sinister?

There is an unprecedented free fall in prices of nearly all major cryptocurrencies in past 24 hours. While there is no specific reason that one can gauge for this mysterious free fall, a lot of reason seems to be popping out from various corners explain the fall. The fundamental- Goldman Sachs trading desk pull out […]

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

On Wednesday (5 September 2018), Mitch Steves, a research analyst at global investment bank RBC Capital Markets, said in an interview with CNBC’s Fast Money that despite Goldman Sachs’ decision to postpone running a crypto trading desk, he still maintained his forecast that the crypto space could be worth $10 trillion in 15 years. According to a CNBC report on Steves’ appearance on Fast […]