The first institutional surge ?

in #bitcoin7 years ago

Goldman Sachs to Open a Bitcoin Trading Operation

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While Goldman will not initially be buying and selling actual Bitcoins, a team at the bank is looking at going in that direction if it can get regulatory approval and figure out how to deal with the additional risks associated with holding the virtual currency.

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Its their own sake at stake . So they must get involved. Others will join in today or tomorrow.

An Investment Bank always wants to get profit from their Investment. As till now, Goldman Sachs has a lots of investment in other asset class. When they will cover up all they will surely go to VCs. They know very well that if they fail to adopt they will be obsolete.