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Goldman Sachs bank logo is seen reflected on a mobile phone screen. (Photo by Jaap Arriens / NurPhoto via Getty Images)
Bitcoin price (which has been slumped around $ 7,000 since had a sell-off last week could be a boost after it was reported the New York banking giant Goldman Sachs is mulling over if he gets stuck in crypts [19659003] Goldman Sachs is considering holding bitcoin and cryptocurrency securities on behalf of the funds, according to a Bloomberg report .
"In response to the customer's interest in various digital products we are exploring the best way to serve them in this space "a spokesman for Goldman Sachs told Bloomberg." At this point we have not reached a conclusion on the scope of our digital goods supply. "
If Goldman holds the titles for account of the funds would reduce the risk to the customers – one of the biggest barr
Many have eagerly awaited the positive news about bitcoins and cryptocurrencies coming out of Goldman Sachs after the appointment of & nbsp; David Solomon as new CEO of the bank .
Solomon said in June that the bank is considering adding more bitcoin and cryptocurrency services to its portfolio.
After being pushed at the beginning of last month, the bitcoin price has dropped sharply. CoinDesk
Goldman's move, if he chooses to offer custody for the encrypted funds, will see that he will go head-to-head with the Japanese Nomura, the Bank of New York Mellon, the JPMorgan Chase and the Northern Trust – which you think everyone is working or exploring the custody offers.
The news is the latest in a series of reports that institutional funds are preparing to enter bitcoin and cryptocurrency and could provide further support for the upcoming Securities and Exchange Commission (SEC) decision on the funds exchanged on bitcoins (ETF), which could arrive just this month .
Last week it was revealed that the US Starbucks coffee chain is eager to convince its customers to use bitcoins and cryptocurrencies and has collaborated with the New York Stock Exchange Intercontinental Exchange (ICE), the software giant Microsoft and the Boston Consulting Group to launch a digital platform called Bakkt.
Elsewhere, BlackRock, the largest asset manager in the world, revealed last month that he is fond of bitcoin and cryptocurrency, with investors hoping for a wave of money & 19bsp; institutional drive a new demand for digital coins.
"> [19659015] The Goldman Sachs bank logo is displayed on a mobile phone screen. (Photo by Jaap Arriens / NurPhoto via Getty Images)
