Goldman Sachs Getting Into Crypto


#1

Is this a good thing overall, or will big institutions kill crypto on purpose?

http://www.tearsheet.co/blockchain-crypto/goldman-sachs-has-hired-a-crypto-trader


#2

Its hard to see how big business would use this to their benefit. I mean one of the perks of crypto is not having to go through the outdated banking system.


#3

exactly, seems like the only reason they would want to get into it is to snuff it out.


#4

wider adoption for payments maybe, but there are so many barriers to that with this generation of cryptos 1.0


#5

Now NASDAQ is open to being a crypto exchange. Maybe this has something to do with it: https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html?__source=sharebar|twitter&par=sharebar


#6

They’re testing the waters. They don’t want to miss out but at the same time they are wary of diving into something as new and disruptive as crypto and blockchain.


#7

Yeah blockchain and cryptos are moving so fast I don’t think any one entity really knows what’s coming. The best thing companies can do is stay agile and adapt like light speed.


#8

Here’s a video released today on Goldman’s intentions in crypto:


#9

And here’s more news. Watch for Digital Securities Products from Wall Street. They are coming:


#10

I am having a hard time imagining what a ‘digital security product’ would be?? I don’t think many people are going to switch their 401k to bitcoin :rofl: