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Banking on Bitcoin – Wall Street’s First Crypto Trader?

Taking a quick walk down Wall Street, you’d be excused for thinking it’s playing tug-of-war with Bitcoin and other cryptocurrencies. There’s JPMorgan’s love-hate relationship, Oaktree Capital’s 180 turnaround, and Morgan Stanley’s measured acknowledgement. Now, major-league financial institution Goldman Sachs is joining the club. But they’re not stopping at joining the chorus. Instead, this powerful bank is scouting the possibility of adding Bitcoin and other cryptocurrencies as a trading option to investors’ portfolios.

 

Early stages

There are no indications (yet) that Goldman will definitely be opening a Bitcoin desk. As reported by the Wall Street Journal, the bank is in “early stages” as far as coming to a definite resolve, with the possibility of passing…

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