Goldman Sachs is studying how it can meet growing customer demand to own and invest in bitcoin while staying on the right side of the law.
At the “Wolfe Virtual” Digital Economy Forum event, Goldman Sachs President and Chief Operating Officer (COO), John Waldron, said:
Customer demand for Bitcoin is on the rise.
We are structured about what we can do, so we continue to evaluate and share.
Waldron stated that Goldman Sachs can hold cryptocurrencies and is in talks with central banks and regulators on how to regulate banks when dealing with digital assets.
The US Securities and Exchange Commission (SEC) is considering how to regulate brokers and dealers who hold cryptocurrencies for clients and the commission requested public comment on the matter in December of last year.
The Corona pandemic has caused an explosion in e-commerce, as more consumers start shopping online at a greater pace as most people either stay at home or work from home.
In this regard, Waldron told what he meant:
The pandemic has caused a major acceleration towards digital payment.
There is no doubt that there will be more digital commerce and more digital money use.
Goldman Sachs Takes Bitcoin More Seriously:
On March 1 this year, Goldman Sachs announced that it had restarted the cryptocurrency trading desk after three years of recession.
Goldman Sachs will once again support the trading of future and non-deliverable Bitcoin contracts to keep pace with the rapidly developing cryptocurrency sector.
Bitcoin reached record highs as more companies embraced the cryptocurrency boom.
The largest digital currencies recently enjoyed a noticeable rally, supported by speculation that the third round of stimulus and bailout operations will inject more liquidity into cryptocurrencies.
And it really happened as President Joe Biden’s proposed $ 1.9 trillion economic stimulus package was passed.
Yesterday, Wednesday, March 10, the world’s leading cryptocurrency jumped to the level of $ 57,000, surpassing the market value of $ 1 trillion, dropping at the time of preparing this article to $ 55,600.
As a reminder, Bitcoin previously rose to an all-time high of $ 58,640 on February 21, 2021.