Goldman Sachs Bullish on Bitcoin

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The demand for bitcoin and crypto is running so hot that even Goldman has decided to reopen trading, March 1st, of bitcoin futures. The signs of trading btc as an asset makes it more proof that btc is legit and here to say.

Not to jinx any signs of a btc price top but in 2018 when Goldman started out a futures btc trade it was when prices started to free fall. Demand in 2020 and up to now has grown again to the point Goldman could not ignore and reopen trading. It remains to be seen if again Goldman spot a btc price top?

Goldman Believes BTC will have Mass Adoption

Goldman Sachs chief operating officer and bank president John Waldron on Wednesday said he has seen an increase in interest from his clients when it comes to investing in bitcoin

Grayscale's return on their GBTC ETF is in the thousands percentage just in one year.

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These types of interest and demand for BTC is not being ignored even by Goldman. Even Goldman could not deyend BTC and other cryptocurrency use as a form of currency.

“The pandemic has been a significant accelerant. There is no question in our mind there will be more digital commerce … and (use of) digital money.”

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None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!


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