Large traditional banks have long spoken out against bitcoin (BTC) and crypto. But gradually they also notice that the bitcoin train has really gained momentum and that more and more people are buying bitcoin. The US television channel CNBC just wrote that Goldman Sachs plans to offer bitcoin investment products!
That Goldman Sachs, a US investment bank with $ 2.15 billion in assets under management, is looking at bitcoin has been known for a while. For example, a few weeks ago we saw that the COO of the bank confirmed that his customers want bitcoin. New reporting from CNBC now shows that bitcoin investment product may be closer than expected.
The new global head of digital assets, Mary Rich, spoke to CNBC this week and said some very interesting things that could contribute to bitcoin’s further adoption. Among other things, she said:
“We are working closely with teams across the company to explore ways to provide thoughtful and appropriate access to the ecosystem for private equity clients, which is something we expect to provide in the near term.”
That there is so much interest in bitcoin from wealthy customers is, according to Rich, the result of last year. Then the coronavirus broke out and the economic crisis that followed forced central banks to print money to keep the economy afloat:
“There is a group of clients who view this asset as a hedge against inflation, and the macro backdrop of the past year has certainly contributed to that,”
CNBC states that the first products could appear on the market as early as the second quarter. In addition to Goldman Sachs, Morgan Stanley has also expressed an interest in the crypto market. That investment bank even already offers customers access to bitcoin.