Tag Archives: goldman sachs

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...

After reportedly leading Coinbase’s public offering earlier this year, the giant US investment bank Goldman Sachs predicted a bright future for the exchange’s shares. In a recent report, Goldman has put up a “buy” rating for COIN and predicted a 35% increase by the end of the year. One of the most notable developments coming from the crypto industry so far this year was Coinbase’s plans to go public. The company indeed did so through a direct offering in April, and previous...

Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...

Man wird nicht einfach reich mit Bitcoin. Dies sagt selbst der bekannte Millionär Michael Novogratz. Warum denken die Leute man wird mit Bitcoin reich? Es sind einerseits die Geschichten in den Medien von ganz wenigen Einzelfällen. Die Massenmedien lieben diese Geschichten und publizieren dasselbe immer wieder und wieder. Und ob diese Geschichten wahr sind, überprüfen die Journalisten selten bis nie. Andererseits ist es aber auch die Gier, da es um Geld geht: Wenn ein...

It looks like Galaxy Digital – the hedge fund hosted by Mike Novogratz, a bitcoin fan and billionaire investor – has taken some new talent aboard. Michael Daffey – a former executive with the Goldman Sachs Group – is joining Galaxy Digital as its new chairman. He is also replacing Mike Novogratz in this role, who will remain with the company as its chief executive. Galaxy Digital Is Saying “Hello” to a Fresh Face The move presents another major step towards the blending...

Financial giant Goldman Sachs says it’s looking into potentially allowing its richest customers to invest in cryptocurrencies and crypto-related products within the next few months. The news comes after the firm says crypto demand from clients has reached an all-time high. Goldman Sachs Opens Its Doors to Crypto Mary Rich – global head of digital assets – says the bank is looking to permit crypto investing beginning in the second quarter of 2021. In an interview with...

A new report issued by Goldman Sachs suggests that gold and bitcoin can potentially coexist together.Goldman Sachs Believes Gold Isn’t Threatened By BTCThere has been a lot of speculation as of late as to whether gold can survive the coming onslaught of bitcoin price surges. As the world’s largest and most popular digital currency by market cap, the coin has garnered a newfound reputation for being a hedge tool and a “safe haven” similar with gold. The currency is looked at as something that...

Goldman Sachs hasn’t always been kind to bitcoin, but according to a former Goldman Sachs hedge fund manager – Raoul Pal – the price of bitcoin is likely to skyrocket relatively soon, and he predicts a $1 million price for bitcoin in about five years.Raoul Pal – Bitcoin Will Explode in Five YearsAt first glance, most analysts are probably hoping this isn’t a joke, and that Pal can be taken seriously. After all, it’s not like this is the first million-dollar prediction that’s headed bitcoin’s...

Goldman Sachs has hinted that it’s looking to boost its bitcoin holdings and potentially move forward when it comes to understanding, learning about and holding BTC in the future.Goldman Sachs Has Had a Mixed Relationship with BTCRegarding cryptocurrencies, Goldman Sachs has been a very hit-and-miss company, often going back and forth between appreciating it and loathing it. Things took a particularly nasty and mixed turn last May when the company announced that it was going to offer a...

Goldman Sachs appears to be changing its tune yet again on bitcoin and is delving deeper into the crypto space.Goldman Sachs Is Changing Its Stance on BTCThe company announced that it is appointing a new head of crypto and says that it will look into potentially building its own virtual token as a means of competing with the world’s number one digital currency by market cap. These are big words coming from a business that just three months ago, hosted an entire seminar about why bitcoin...