Goldman Sachs Bitcoin: Goldman sachs to offer investment in Bitcoin

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Goldman Sachs is looking to get into the cryptocurrency game by offering investments in bitcoin and other digital assets. The bank, which has been historically conservative on all things crypto, aims to begin offering these investment vehicles in the second quarter of this year according to Mary Rich who was recently named global head of digital assets for Goldman’s private wealth management division.

The bank has been historically conservative on all things crypto, but it seems like the market may be evolving to a point where Goldman Sachs can’t afford not to get involved. Starting in Q-QTR, clients of its private wealth management group will have access to investments in cryptocurrency and digital assets through what is being called “crypto within private markets” according to Mary Rich who was recently named global head of digital assets for Goldman’s private wealth management division.

Previously with responsibility for the company’s financial services business as well as corporate strategy at Merrill Lynch & Co., she said that her new role gives her oversight over everything from investment research and risk analytics to developing products such as custody offerings via third parties – similar providers are already available elsewhere, such as from Coinbase.

“I don’t want to get into the bitcoin pricing game,” said Rich, a former co-head of equity derivatives at Merrill Lynch who spent three decades with the company before joining Goldman last year. “But I do think we’re in one of those periods where people are overreacting.”

How To Invest In Bitcoin:

Not be part of that group and instead invest through what is being called “crypto within private markets” according to Mary Rich who was recently named global head of digital assets for Goldman’s private wealth management division. Previously with responsibility for the company’s financial services business as well as corporate strategy at Merrill Lynch & Co., she said that her new role gives her oversight over everything from the company’s trading and investing in digital assets to its work with blockchain, the technology that underpins them.

“The firm is launching a series of measures intended to cater more broadly for these clients,” she said in an interview on Tuesday during which Goldman was keen to stress her global role overseeing all areas from their financial services business as well as corporate strategy at Merrill Lynch & Co., she will now lead our efforts related to cryptoassets.”

Bitcoin’s Wild Ride: “I think we are still finding out what Bitcoin wants to be when it grows up,” according Rich. “It could go anywhere or do anything; this has been true since 2011.”

What Investors Should Know About Digital Assets?

What investors should know is that digital assets are not the same as stocks, bonds or other securities; they have complicated and volatile valuation models. “There’s a lot more to it than just buying them,” Rich said in an interview with CNBC on Wednesday. “We’re talking about investment vehicles for high-net worth individuals.”

Goldman Sachs Takes Closer Look at Crypto Assets:

Goldman will be looking closely should clients express interest in investing in such investments. Not Investing But Evaluating Digital Assets. The bank does not yet plan to invest directly in bitcoin but has been exploring various ways of taking exposure to virtual coins including trading futures contracts offshoot markets where they can trade bitcoin derivatives rather than buy bitcoins themselves – which would entail Physical delivery of the cryptocurrency

The bank is also examining other ways to take exposure, such as its sale of a swap agreement. Goldman Sachs has been exploring various way of taking exposure, including trading futures contracts offshoot markets where they can trade bitcoin derivatives rather than buy bitcoins themselves – which would entail the physical delivery of the cryptocurrency.

Goldman will be looking closely should clients express interest in investing in such investments and may expand into more direct investment products if there is enough demand from their customers. They are not currently planning on investing directly in Bitcoin but have been evaluating digital assets for some time now with an eye towards capitalizing on what Rich described as “unbelievable” growth potential. “We’re talking about investment vehicles for high-net worth individuals,”

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