Gold Rush ๐Ÿฆ

Table of Contents

Gold Rush

Goldman Sachs is one of the biggest investment banks in the world, and over the years their investments have changed a lot to keep up with changing times and technologies. The latest of these trends sees Goldman getting into none other than crypto.

With commercial investors piling into crypto more than ever before even when accounting for the recent pullbacks, large institutional investors have taken a step into crypto as well. Goldman has specifically begin trading bitcoins futures with a crypto merchant bank called Galaxy Digital. A crypto merchant bank are banking institutes that process digital money-related activities such as deposits, withdrawal, lending, borrowing, saving, and investing in a wide range of markets.

The partnership will bring new things to Goldman, one of which is a way for clients of Goldman to wager on bitcoin using derivativesโ€ฆ thatโ€™s right crypto derivatives. Now if you donโ€™t know what that means, well letโ€™s just say itโ€™s probably a risky investment and not suited for most people.

One of the main reasons the crypto derivative is coming to existence is because Goldman feel enough clients are asking for the product. Despite this, however, not everyone within Goldman is happy about it. In fact, even some senior level leaders such as the bankโ€™s chief investment officer for wealth management has called bitcoin a bubble that isnโ€™t appropriate for investors. What do you think about big banks entering cryptocurrency? And does this change your future outlook for cryptocurrency?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.