16.2 C
October 4, 2022
Image default

Goldman Sachs says customer demand for Bitcoin is increasing

Affirmation shows increased adoption of Bitcoin

Goldman Sachs Group is examining how it can meet customers’ growing demand to own and invest in Bitcoin, while remaining on the right side of the law.

At a Wolfe Virtual Fintech forum event, Goldman Sachs bank president and chief operating officer (COO), John Waldron said:

“Customer demand is increasing. We are regulated about what we can do. We continue to evaluate … and engage in it. ”

Waldron said Goldman Sachs can maintain digital assets, “but cannot control them” and is in talks with central banks and regulators about how banks should be regulated when dealing with digital assets.

The U.S. Securities and Exchange Commission (SEC) is studying how to regulate brokers that maintain digital assets for clients and asked for public comment on the matter in December last year.

The COVID-19 pandemic caused an explosion in e-commerce, as more consumers began to shop online more often, as most people stayed at home or worked at home in the past year. Waldron said:

“The pandemic was a significant accelerator. There is no doubt in our mind that there will be more digital commerce and (use of) digital money. ”

Goldman taking Bitcoin seriously

On March 1 of this year, Goldman Sachs announced which has resumed its cryptocurrency trading desk after three years of stagnation, which will once again support the trading of Bitcoin futures to keep up with the rapidly evolving cryptocurrency industry.

Bitcoin has broken records as more companies have embraced the crypto boom. The biggest digital asset recently has enjoyed a steady rise, fueled by speculation that the third round of stimulus checks would inject more liquidity into crypto assets.

On Wednesday, March 10, the world’s leading cryptocurrency returned to the $ 57,000 level, thus breaking the market value of $ 1 trillion for the third time. The BTC hit a high of $ 58,640 on February 21.

Source: BlockchainNews

Related posts

Foundry launches Bitcoin mining platform market

Anupreet Kaur

With Soft Staking from Crypto.com, it’s enough to breed to multiply your digital assets. – Blocksats

Aparnna Hajirnis

Elon Musk says Tesla has “diamond in hand” and Bitcoin starts recovery after sharp drop

Anupreet Kaur

Leave a Comment