Here is what Goldman Sachs New Landing Page have to Say About Crypto

Goldman Sachs has added material about bitcoin and the metaverse to its homepage.

The webpage of Goldman Sachs has been updated with information about cryptocurrency, the metaverse, and digitalization.”Explore the megatrends that are altering economies, from cryptocurrency to the metaverse,” Goldman Sachs’ landing page now says.

Here is what the new landing page says:

From cryptocurrency to the metaverse, learn about the megatrends that are reshaping the economy.

Below the above message is an “Explore Topic” button, which takes you to a collection of Goldman’s resources on the metaverse, web 3.0, bitcoin, the decentralized web, blockchain, and other digital economy issues.

Institutions investing in Bitcoin

With all of the recent happenings, Wall Street is showing signals of bullishness on crypto. This move by a major investment bank will almost certainly accelerate the acceptance of cryptocurrencies and other digital assets.

To institutional investors, the bank’s over-the-counter trade collaboration with Galaxy Digital sends only favorable signals. Galaxy Digital and Goldman Sachs have a long-standing partnership that is based on trust and dependability.

Galaxy Digital stated in June of last year that it would supply liquidity to Goldman Sachs for bitcoin futures block trading on the Chicago Merchantile Exchange (CME).

Over the last two years, institutional investing has soared from an estimated $120 billion to $1.4 trillion, a 170 percent increase.

Investors in the crypto industry may see exponential growth as Wall Street banks change their views on the currency. Morgan Stanley has given its clients access to three Bitcoin products, resulting in a transparent and direct exposure to Bitcoin’s price.

Several people have pointed out that the major investment bank has since changed its position about bitcoin and cryptocurrencies. Goldman Sachs stated in May 2020 that bitcoin was not an asset class.

The bank relaunched its bitcoin trading desk in March of last year, following a boom in institutional demand for the cryptocurrency. In May, it established a cryptocurrency trading team and a bitcoin derivatives trading desk. Bitcoin is now probably considered an investable asset, according to Goldman Sachs experts. In June of last year, the bank launched ether futures and options to its cryptocurrency trading desk.

ALSO READ: Will Ethereum 2.0 be a paradise for crypto investors?

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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