Goldman Betting on Cryptocurrencies

[Marina Schwarz + 1,342]

A startup backed by Goldman Sachs, among others, has gone on the hunt for personnel for its crypto exchange. Does Goldman's participation lend more credibility to cryptocurrencies?

[Rodent + 1,261]

 

1 hour ago, Marina Schwarz said:

A startup backed by Goldman Sachs, among others, has gone on the hunt for personnel for its crypto exchange. Does Goldman's participation lend more credibility to cryptocurrencies?

I think so. I mean, the trading world has clearly already embraced crypto. It's the institutions that are lagging behind in viewing crypto as a legitimate currency. I can't determine if the institutional world (banks, etc) has failed to embrace it due to snobbery, looking out for its own survival, or legitimate fear of the inherent risk.