Goldman Sachs Group Inc. is now entering the Bitcoin market. This is surely going to create a big wave in the Bitcoin and cryptocurrency world.
Goldman’s has a very good client base and is also well-known in the financial services field. There is a great anxiousness among many as to how the just developing cryptocurrency industry will react. There is no doubt that the entry of Goldman Sachs will change the way Bitcoin is traded.
The main thing that could happen with the Goldman’s entry into the Bitcoin world will be an increase in the liquidity profile of the digital currencies. There are problems in the cryptocurrency ecosystem. Goldman is entering the cryptocurrency field through the futures trading option. This will help in boosting the volumes of Bitcoin futures trading.
There is no confirmation about the Bitcoin trading venue of Bitcoin. The insiders want them to choose the tools and the trade solutions from the cryptocurrency world. There is only a limited amount of trades that are taking place from the investor’s side.
It can change soon with the introduction of Goldman into the playing arena. It would not be a feasible move to hold on to the Bitcoin once the trading derivatives are introduced.