Involvement Of Goldman Sachs In Cryptocurrency A Strengthening Step For Bitcoin
cryptocurrency·@farhan.sidiqui·
0.000 HBDInvolvement Of Goldman Sachs In Cryptocurrency A Strengthening Step For Bitcoin
<html> <p><img src="https://cdn.ethnews.com/images/1024x512/Goldman-Sachs-Considers-Launching-Cryptocurrency-Trading-Operation-1024x512-10-02-2017.jpg" width="1024" height="512"/></p> <p>Image source: <a href="https://www.ethnews.com/goldman-sachs-considers-launching-cryptocurrency-trading-operation">ETHNews.com</a></p> <p>There is a very famous name in the in global investment banking that is GOLDMAN Sachs. After signing on the entry of cryptocurrency, the board wants to take on the Bitcoin challenge into the digital currency market on the global level. </p> <p>There are strong fender-benders between the scandalous bank and the fickle cryptocurrency from the last six years. In a morning, the CEO of Squant has announced in his interview that cryptocurrency is world’s biggest investment but market stakeholders are ignoring it badly.</p> <p><img src="https://fs.bitcoinmagazine.com/img/images/goldman_crypto.original.jpg" width="990" height="550"/></p> <p>Image source: <a href="https://bitcoinmagazine.com/articles/goldman-sachs-makes-first-official-hire-its-cryptocurrency-department/">Bitcoin Magazine</a></p> <p>In the present era, the bank’s attitude is cautious so that’s why it showing the watchful approach towards the new space. So, the bank is using its own money to purchase the digital currency on the behalf of the customers. But on the other hand, the bank does not adopt the immediate plan for digital currency exchange. The New York Times has broken an astonishing news that Goldman begins to launch its own virtual coin which will more flexible version for the clients. The newspaper has claimed that it would be more flexible and volatile.</p> <p>When the bank will launch its own digital coin then it will introduce the non-deliverable forward which is a type of contract that encourages a buyer to buy an asset or the seller to sell an asset. In this way, the buyer will be able to purchase a physical commodity or a financial instrument. But on the other hand, the future date and price is not determined. Time is not so far when the international financial market will take a volatile but valuable digital currency. Every new but valuable digital currency is adding the new horizons in the financial market. Internet market is always open for every person who is interest to make the modern investment. It is a main reason that the bank is taking interest in the digital currency but with its own assets.</p> </html>