From Prediction to Reality: Goldman Sachs’ Intent to Launch Bitcoin Trading

Friends, recently we published a post entitled “Prediction: Cryptocurrency Trading Services Will Be Launched on NASDAQ and Leading Financial Management Firms.” Soon thereafter Wall Street’s largest investment bank Goldman Sachs reported that their customers see alternative stores of value in holding Bitcoin or Bitcoin futures. And like any market/customer-driven business Goldman apparently listened. Yes, many questions needs to be answered before launching such a service. Among them: Minimum investment amount? Array of investment alternatives – whether actual crypto tokens and or futures contracts? Will the service be available to any and all Goldman customers or only legacy institutional customers? Externally, top of mind questions which arise include which competing investment firms will follows? The breadth and scope of their services? The amount of overhead (OPEX) such firms will be willing to invest to please their clients, etc? Lesson learned: Successful businesses focus their attention and resources on delivering bona fide “value” to their customers. Share your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)