{"id":198999,"date":"2021-03-11T00:10:43","date_gmt":"2021-03-10T21:10:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-demand-from-goldman-sachs-clients-is-rising-says-coo\/"},"modified":"2021-03-11T00:10:43","modified_gmt":"2021-03-10T21:10:43","slug":"bitcoin-demand-from-goldman-sachs-clients-is-rising-says-coo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-demand-from-goldman-sachs-clients-is-rising-says-coo\/","title":{"rendered":"# Bitcoin demand from Goldman Sachs clients &#8216;is rising,&#8217; says COO"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin demand from Goldman Sachs clients &#8216;is rising,&#8217; says COO <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvZjhjM2U4ZGItY2Y4YS00NjE0LThlOTQtODY0ODA3ODQ2Yjk2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>U.S. banking giant Goldman Sachs recently decided to restart its cryptocurrency trading desk. This has reportedly led to an increased demand for digital assets among its customer base.<\/p>\n<p>According to a Reuters report, Goldman Sachs chief operating officer John Waldron <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-goldman-sachs-conference-waldron\/goldman-sachs-customers-demand-for-bitcoin-rising-coo-idUSKBN2B22E2\">said<\/a> the firm is exploring how to meet an increasing demand from clients looking to invest in Bitcoin (BTC). The chief operating officer said Goldman Sachs would \u201ccontinue to evaluate\u201d and \u201cengage on\u201d crypto for customers. <\/p>\n<p>Matt McDermott, global head of digital assets for Goldman Sachs&#8217; global markets division, additionally said on Friday that 40% of Goldman investors have at least some exposure to crypto.<\/p>\n<p>Goldman is also reportedly exploring the launch of a Bitcoin exchange-traded fund, along with further ways to custody digital assets. Waldron said the current pandemic has been \u201ca significant accelerant\u201d for online purchases and would likely cause an \u201cexplosion\u201d in digital currency payments. <\/p>\n<p>Some in the crypto space are looking toward\u00a0Goldman\u2019s reentrance as a bearish indicator for BTC. The investment management firm originally set up its crypto trading desk at the peak of the 2017 bull run, after which time the price of Bitcoin dropped significantly. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Us old-timers have learned that whenever <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GoldmanSachs?ref_src=twsrc%5Etfw\">@GoldmanSachs<\/a> enters a market niche it is time to guard your money. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tHfRkS4igb\">pic.twitter.com\/tHfRkS4igb<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1366473932338061318?ref_src=twsrc%5Etfw\">March 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Many have pointed out, however, that the crypto market Goldman faces in 2021 is arguably different from what it was four years ago. <\/p>\n<p>Major companies have now adopted Bitcoin as a reserve asset. The regulatory environment in the United States could also potentially be more favorable to crypto under the Joe Biden administration. On Wednesday, the U.S. Senate Banking Committee <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-usa-congress-financial-regulators-idUSKBN2B22JK\">voted<\/a> in favor of pro-crypto candidate Gary Gensler to chair the Securities and Exchange Commission.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-demand-from-goldman-sachs-clients-is-rising-says-coo\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin demand from Goldman Sachs clients &#8216;is rising,&#8217; says COO &#8221; U.S. banking giant Goldman Sachs recently decided to restart its cryptocurrency trading desk. This has reportedly led to an increased demand for digital assets among its customer base. According to a Reuters report, Goldman Sachs chief operating officer John Waldron said the firm&#8230;<\/p>\n","protected":false},"author":1,"featured_media":199000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvZjhjM2U4ZGItY2Y4YS00NjE0LThlOTQtODY0ODA3ODQ2Yjk2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[90959,74355,117,70790,70360],"class_list":["post-198999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-news","tag-adoption","tag-business","tag-goldman-sachs","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=198999"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/199000"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=198999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=198999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=198999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}