Bloomberg: Goldman Sachs Creating Cryptocurrency Trading Desk

PROJECT SLATED FOR JUNE 2018

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According to Bloomberg, Goldman Sachs Group Inc. will be creating a cryptocurrency trading desk by June 2018.

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“The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies,” Bloomberg stated.

In October, Chief Executive Officer Lloyd Blankfein tweeted, “Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.”

Blankfein was featured on Bloomberg Television last month and proclaimed that “his bank didn’t need a bitcoin strategy yet because the digital currency is still just developing and volatile.”

Publicly, Chief Executive Officer Lloyd Blankfein has been circumspect. He tweeted in October that his firm was looking at how to deal with bitcoin.

In a Bloomberg Television interview last month, he said his bank didn’t need a bitcoin strategy yet because the digital currency is still just developing and volatile.

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