Goldman Sachs May Custody Cryptocurrencies

[znaneswar]

Goldman Sachs May Custody Cryptocurrencies.
Will this effects price of crypto currencies?

Source : https://www.ccn.com/goldman-sachs-may-store-bitcoin-for-cryptocurrency-funds-institutional-investors/

[Tytanowy Janusz]

More and more big company use blockchain technology to increase their product and service. Mass adoption of blockchain and crypto just began and in the futures this technology will give more benefits to the more people and will change the world to be much better in financial and others industry.

Is this anyhow related to topic?

Back to OP

I think that whales willing to invest big money into market without risk of storing coins may invest via contracts or soonly via ETFs. It will be only next option for whales but i dont thing that it will boost price. Maybe when we will be in bullrun this news will make extra fomo and boost few thousends more into next bubble but in my opinion it wont start next bullrun.

[bitmover]

Goldman's Sachs is already in cryptocurrencies. They have acquired Circle/Poloniex, so they already own a lot of cryptocurrencies.
Soon they may be sell bitcoin to their clients in the bank

 

More and more big company use blockchain technology to increase their product and service. Mass adoption of blockchain and crypto just began and in the futures this technology will give more benefits to the more people and will change the world to be much better in financial and others industry.

Is this anyhow related to topic?

When you see this kind of post, report to moderator. He is just a spammer.

[randythered]

It won't influence the market that much other than reducing risk for investors and therefore increasing demand for cryptocurrencies slightly. As for the level of influence I don't think it will be that much because most savvy investors will have found a way to invest if they wish and secured their investment.

[Reid]

More and more big company use blockchain technology to increase their product and service. Mass adoption of blockchain and crypto just began and in the futures this technology will give more benefits to the more people and will change the world to be much better in financial and others industry.

Is this anyhow related to topic?

When you see this kind of post, report to moderator. He is just a spammer.

Yeah and whats more, it could be a copy paste from another user.
Too much off topic comments happening in this realm. They need to be cleaned.

As of the OP.
It is Goldman Sachs so what do you think they want to do.
They are in the financial system and they are already in with crypto currencies. Of course they want control with everything that is connected with currencies. Bitcoin and altcoins cannot escape that.

It may be a big impact since this company is a large one and have been known ever since. Or this could just be another step into dumping the prices of cryptos. Lets see this with the following days.