Goldman Sachs to Offer Bitcoin and Other Cryptos To Its Private Wealth Management Group

Goldman Sachs prévoit de lancer prochainement son produit d'investissement  cryptographique en Bitcoin - La Crypto Monnaie

Goldman Sachs, one of the largest and most renowned investment banks and financial services companies in the US, is all set to offer its private wealth management group with Bitcoin and other cryptocurrencies. They have reportedly joined the BTC bandwagon at the behest of their customers. 

Vice President of Digital Assets, Private Wealth Management Consumer and Wealth Management Division at Goldman Sachs, Mary Rich, has said that they are going to roll out the announced service in the second quarter of 2021. Mary Rich said:

We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term.

JPMorgan Chase investigating misuse of pandemic aid funds - ABC News

While she didn’t specify the services that JPMorgan will offer, Rich left open a broad scope of possibilities by emphasizing “physical bitcoin, derivatives, or traditional investment vehicles”. 

She mentioned that there has been a sea change in customer demand. As the macroeconomic conditions deteriorate, some clients have voiced their concern, and therefore are looking for assets that hedge their risks due to rising inflation. She said:

“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that.”

Benefit from experienced traders with copy trading on https://NapBots.com NapBots is a powerful AI-powered cloud platform that democratizes trading strategies previously reserved for hedge funds. Discover more than 20 strategies dedicated to crypto-currencies, on the most liquid pairs (BTC, ETH …). NapBots allow novices to trade crypto easily and help traders save a lot of time! Bots work tirelessly to scan the markets and navigate through volatility to try to capture profitable trends.