Goldman Sachs COO talks about customer demand for bitcoins

 Goldman Sachs COO talks about customer demand for bitcoins

  • John Waldron, chief operating officer of Goldman Sachs, said Wednesday that he is seeing increased customer interest in investing in bitcoin.
  • We continue to evaluate it ... and we are doing it,he said at the forum.
  • The COO also acknowledged that the pandemic sparked interest.
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Goldman Sachs chief operating officer and bank president John Waldron said Wednesday that he has noticed an increase in interest from his clients in investing in bitcoin.

Customer demand is growing,Waldron said at the Wolfe Virtual FinTech Forum. We regulate what we can do. We continue to evaluate it ... and we are doing it. 

The world's most popular cryptocurrency hit record highs on Wednesday, surpassing the $ 1 trillion market cap for the third time and surging above the $ 57,000 level again. On February 21, it soared to a record high of $ 58,640.

Waldron told Reuters that the bank can hold digital assets but cannot fundamentally.The chief executive also said Goldman is discussing with regulators how banks can deal with digital assets in the future.

The US Securities and Exchange Commission in December 2020 requested public comment regarding the custody of digital assets.

Growth in retail traders accelerated in 2020 as more people stayed at home due to pandemic-related restrictions, coinciding with the rise in the popularity of commission-free investing and easy-to-use mobile trading platforms like Robinhood.

Goldman Sachs announced on March 1 that it has relaunched its cryptocurrency trading platform amid the Bitcoin boom. The bank also announced that it will begin trading bitcoin futures and non-deliverable forward contracts to keep up with the booming digital asset sector.

The pandemic has become a significant accelerator,Waldron said. We have no doubt there will be more digital commerce ... and (use of) digital money.

On top of this, Bitcoin's price has recently been buoyed by speculation that the third round of incentive checks will bring more.


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Goldman Sachs COO talks about customer demand for bitcoins

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