The price of bitcoin could be boosted by new institutional support



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The logo of Goldman Sachs Bank appears on the screen of a mobile phone. (Photo by Jaap Arriens / NurPhoto via Getty Images)

The price of bitcoin, which has been around $ 7,000 since a sale last weekcould be boosted after New York-based banking giant Goldman Sachs has planned to stay stuck in crypto.

Goldman Sachs plans to hold bitcoin and cryptocurrency securities on behalf of funds, according to a Bloomberg report.

"In response to customer interest in various digital products, we are exploring the best way to serve them in this space." a spokesman for Goldman Sachs told Bloomberg. "We have not yet reached a conclusion on the extent of our digital asset offering."

If Goldman held the securities on behalf of the funds, this would reduce the risk for the clients – one of the main barriers to entry for potential investors in bitcoin and cryptocurrency.

Many people were eagerly awaiting Goldman Sachs' news of bitmans and cryptocurrencies after the appointment of& nbsp;David Solomon as the new managing director of the bank.

Solomon said in June that the bank plans to add new bitcoin and cryptocurrency services to its portfolio.

After being pushed early last month, the price of bitcoin fell sharply.CoinDesk

Goldman's decision, if he chooses to offer custody of cryptographic funds, will be matched by Nomura in Japan, Bank of New York Mellon, JPMorgan Chase and Northern Trust – who are supposed to work on or explore guard offers.

The news is the latest in a host of reports that institutional funds are preparing to enter bitcoin and cryptocurrency and could provide additional support to society. the upcoming Securities and Exchange Commission (SEC) decision on exchange-traded funds with bitcoin; who could come this month.

Last week it was revealed that the American coffee chain Starbucks wanted its customers to use bitcoin and cryptocurrency and had partnered with the owner of the New York Stock Exchange, Intercontinental Exchange (ICE), to the giant Microsoft software and the Boston Consulting Group to launch a digital platform called Bakkt.

Elsewhere, BlackRock, the world's largest asset manager, revealed last month that he was enthusiastic about bitcoin and cryptocurrency, said managing director Larry Fink: "We're watching it. "

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The logo of Goldman Sachs Bank appears on the screen of a mobile phone. (Photo by Jaap Arriens / NurPhoto via Getty Images)

The price of bitcoin, which is close to $ 7,000 since last week's sale, could get a boost after the announcement of New York-based banking giant Goldman Sachs that plans to remain stuck in cryptography.

According to a Bloomberg report, Goldman Sachs plans to hold bitcoin and cryptocurrency securities for the fund account.

"In response to customers' interest in various digital products, we are exploring the best way to serve them in this space," said a Goldman Sachs spokesperson at Bloomberg. "We have not yet reached a conclusion on the extent of our digital asset offering."

If Goldman held the securities on behalf of the funds, this would reduce the risk for the clients – one of the main barriers to entry for potential investors in bitcoin and cryptocurrency.

Many people were eagerly awaiting Goldman Sachs' news of bitmans and cryptocurrencies after the appointment of David Solomon as the new managing director of the bank.

Solomon said in June that the bank plans to add new bitcoin and cryptocurrency services to its portfolio.

After being pushed early last month, the price of bitcoin fell sharply.CoinDesk

Goldman's decision, if he chooses to offer custody of the cryptographic funds, will be confronted with that of Nomura of Japan, Bank of New York Mellon, JPMorgan Chase and Northern Trust, who are supposed to work exploring the offers of keep.

The news is the latest in a series of reports that institutional funds are preparing to enter bitcoin and cryptocurrency and could provide additional support to the next Securities and Exchange Commission (SEC) decision on exchange-traded funds (ETFs) bitcoin, which could come as early as this month.

Last week it was revealed that the American coffee chain Starbucks wanted its customers to use bitcoin and cryptocurrency and had partnered with the owner of the New York Stock Exchange, Intercontinental Exchange (ICE), to the giant Microsoft software and the Boston Consulting Group to launch a digital platform called Bakkt.

Elsewhere, BlackRock, the world's largest asset manager, revealed last month its enthusiasm for bitcoin and cryptocurrency, and its CEO, Larry Fink, said: "We are the world's largest asset manager. ; look. "