US international investment bank Goldman Sachs insists on offering a Bitcoin trading service.
Speaking to the Wall Street Journal, a Goldman Sachs spokesperson said, “Customers’ interest in digital currencies In response to their interest, we are exploring how best to serve them in this area.”
Goldman Sachs’ entry into the industry will aid adoption
Goldman Sachs will be the first blue-chip financial services company to enter the digital currency market when it finalizes its research. Goldman Sachs’ entry into this industry will undoubtedly help more people adopt digital currencies.
Finally, Wall Street is quite confused about digital currencies. On the one hand, Jamie Dimon, CEO of JPMorgan, calls Bitcoin “fraud”, on the other hand, Gorman, CEO of Morgan Stanley, says, “More than a fad.”
The largest digital currency in terms of market value Bitcoin has increased by 360 percent this year.