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Why Doesn’t Wall Street Understand Bitcoin? Goldman Sachs Veteran Explains

John Haar – a former member of Goldman Sachs’ Asset Management division – published an article detailing what he perceived were commonly held views about Bitcoin, sound money, and economics on Wall Street. He listed multiple reasons for which members of traditional finance either object to or fail to appreciate Bitcoin’s potential as global money.  Ignorance of Economic History As explained in a blog post for Swan on Monday, Haar said that “virtually no one” has spent time...

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Alan Howard’s Crypto Company Bags $70M in a Funding Round Led by Barclays and Goldman

Two of the world’s major investment banks, Goldman Sachs and Barclays, recently participated in a $70 million Series A funding round for Elwood Technologies, the crypto trading platform founded by British hedge fund billionaire Alan Howard. Goldman Sachs and Barclays Invest in Elwood According to a Sunday report by the Financial Times, this funding round marked the first time that Elwood Technologies has sourced outside financing and brought the company’s valuation to $500...

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Klima-Aktivisten fordern Änderungen im Bitcoin-Code

Das Betreiben von Rechenparks zum Mining bleibt lukrativ. Schätzungen zufolge wurden alleine im letzten Jahr Bitcoins im Wert von rund 15 Milliarden Euro geschürft. Ebenso gigantisch wie der Gewinn der Miner sind jedoch die Kosten für das Klima. Deshalb haben sich Klimaaktivisten zusammengeschlossen um gemeinsam für einen Wechsel auf „Proof-of-Stake“ zu werben. Unter dem Titel “Change the Code, Not the Climate” werden momentan Zeitungsanzeigen...

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Goldman Sachs Becomes the First Major US Bank to Trade an OTC Crypto Transaction

The rumors were true: Goldman Sachs has reportedly conducted its first OTC crypto option trade with investment firm Galaxy Digital. This marks the first of any such trade among all major US banks, and a big milestone for the crypto derivatives market. Bitcoin Options Trades Earlier this month, unidentified sources claimed that Goldman was contemplating offering bilateral crypto options for institutional clients. Apparently, it was just one of multiple Wall Street Banks to...

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Goldman Sachs Considers Offering Crypto Options For Institutional Holders

Multinational investment bank Goldman Sachs is now exploring the provision of bilateral crypto options, deepening its involvement with crypto derivatives trading for institutions. They will purportedly allow holders such as Bitcoin miners and hedge funds to either hedge their risks, or boost yields with customizable offerings. The Crypto Options Market The bank’s plans were reported by sources familiar with the matter who chose to remain anonymous, according to Bloomberg....

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Goldman Sachs: Growing Crypto Adoption Might Not Push Prices Higher

According to analysts at the multinational investment bank Goldman Sachs, the growing mainstream acceptance might not result in higher prices for digital assets. Instead, the institution opined that the USD value of bitcoin and the altcoins correlate with inflation and other economic events. Bitcoin May Not Go Up Due to Adoption Many experts predict that the prices of most cryptocurrencies will surge should they receive wider mainstream acceptance. However, Goldman Sachs’...

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