Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided that Bitcoin “is not a fraud.”
this was very strange, they did not do research before accusing bitcoin of being a fraud? they simply looked at bitcoin and said, "It's a scam." Wow, this is how a bank operates? joking, they have spoken less badly about bitcoin and at the for years it has been shown much less aggressive in relation to bitcoin
It's strange, and on the other hand not really that strange. From their perspective it's a scam or fraud if no one from the 'genuine' channels is interested in it. In this case they are very interested, and even consult their main bank to serve them in a better way when it comes to Bitcoin. Their clients could either be wealthy individuals, institutions, hedge funds holding their accounts there, etc.
Banks are like sluts, they are where the money is, and Bitcoin offers them that money. At some point every major bank will offer their clients the opportunity to buy and sell crypto. It's just a matter of time. I am quite sure that they will be going to compete with exchanges, and they might even gain somewhat of an advantage, especially when it comes to newbies trying to buy their first coins. No verification needed, no waiting before your wire transfer posts, etc.
