Goldman Plans “Сrypto-depositaries” Despite Gloomy Forecasts
Goldman Sachs plans to “offer clients depositories to keep crypto-assets”, while officially the investment bank states that it has not yet made a decision on cryptocurrencies. In May, Goldman first hinted about possible bitcoin futures trading, intending to offer a whole range of products related to digital assets that are in demand.
The news appeared just a few days after ICE announced the launch of Bakkt, a regulated digital asset ecosystem. The project is to be launched in November in partnership with such large companies as Microsoft and Starbucks. At the same time, Goldman’s position on cryptocurrencies remains very “mixed”. Larry Fink, CEO BlackRock, said in July that he did not see a significant demand for cryptocurrencies from his customers, while sources claimed that he was also considering bitcoin futures.
This weekend, Jamie Dimon, CEO JPMorgan, called bitcoin a “scam” in which “he’s not interested” once again after many months of unwillingness to comment on cryptocurrencies. Goldman’s actual decisions do not coincide with cryptocurrency estimates made just a few days ago in the Investment Strategy Group report. It predicts a further decline in cryptocurrencies, the authors argue that crypto assets “will not be able to keep their value in the current situation”.