Goldman Sachs Discloses Major Bitcoin Position of $710M Through ETFs
Goldman’s August crypto holdings were smaller, making the recent $710 million position a strategic shift amid growing institutional interest.
Goldman’s August crypto holdings were smaller, making the recent $710 million position a strategic shift amid growing institutional interest.
Institutional investment banking giant Morgan Stanley has disclosed a massive position in BlackRock’s spot Bitcoin exchange-traded fund (IBIT).
Goldman Sachs, like JP Morgan and Morgan Stanley, now provides its clients with exposure to digital assets.
Goldman Sachs CEO David Solomon suggests bitcoin could serve as a store of value like gold, while maintaining caution on
Bitcoin still looks overvalued based on a lack of crypto venture funding and other indicators, JPMorgan claims
Goldman claims Bitcoin has no intrinsic value, but Bitwise explains one thing it offers that nothing else can.
Hedge-fund clients at Goldman Sachs are more involved in crypto markets as Bitcoin remains their top investment choice.
McDermott foresees blockchain-based trading volumes rising in 1-2 years, with major market development expected in 3-5 years.
“We are penciling in 25 basis points of cuts per quarter but are uncertain about the pace," the Goldman Sachs'
"AI-related investment could peak as high as 2.5 to 4% of GDP in the US and 1.5 to 2.5% of