The panic in the crypto market when over $ 140 billion was wiped away

Goldman Sachs, the world’s leading investment bank, offers clients of its private wealth management group nearly investment vehicles for crypto assets, according to a report credited to CNBC.

The America-based private wealth management company targets individuals, families, and foundations with an investment capacity of $ 25 million or more.

The $ 119 billion investment bank will begin offering investments in the emerging asset class from Q2 2021, according to Mary Rich, recently named global director of digital assets for Goldman’s private wealth management division.

READ: Have You Considered These Other Ways To Make Money With Crypto?

“We are working closely with teams across the company to find ways in which private customers can have thoughtful and appropriate access to the ecosystem. We expect this in the near future,” said Rich in an interview this week.

Goldman intends to ultimately offer a “full spectrum” of investments in bitcoin and digital assets, “whether through physical bitcoin, derivatives or traditional investment vehicles,” she said.

READ: U.S. Billionaires Earn $ 1.3 Trillion During The Pandemic While 80Million Lost Their Jobs

So far, major American banks have ignored the crypto market, which considers it too risky and unsuitable for their customers. However, the recent price surge in the world’s most popular crypto asset has drawn wealthy investors, global business brands, and fintech players. and the infrastructure for crypto continues to mature. In the end, according to Rich, it was customer demand that prevailed.

However, at the time of this writing, Bitcoin was trading at $ 58,382.28. The daily trading volume of $ 54,700,348,162 bitcoin is down 1.35% that day as the US dollar rises and a significant number of investors take some profits off the table.

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