Published On: Mon, May 14th, 2018

Goldman Sachs Opens Bitcoin to Institutional Investors

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Goldman Sachs will help institutional investors bet on Bitcoin price — but what will it do to the cryptocurrency market? 
Goldman Goes All In
Following a slew of inquiries from hedge funds, foundations, and endowments benefiting from Bitcoin millionaires, Goldman Sachs has become the first regulated financial institution to afford clients the ability to trade Bitcoin futures via one of its New York desks, according to Forbes.
What this means is that the Wall Street titan will essentially help shepherd the herd of institutional investors into the trading of Bitcoin.
Goldman Sachs will not actually trade Bitcoin, of course. Rather, the bank will trade Bitcoin futures contracts for clients using its own funds, in addition to non-deliverable forward futures.
Such a glowing endorsement from the most profitable securities firm in history should undoubtedly signal confidence in not only Bitcoin but the cryptocurrency market as a whole.
Fashionably Late
The injection of investment funds into the cryptocurrency market comes after eToro senior analyst Mati Greenspan predicted a wave of Wall Street investment entering the space. Specifically, he explained that institutional investors were interested in catching Bitcoin at the bottom after missing the boat last year.
Greenspan explained:
So they …

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