Goldman Sachs to Start Offering Bitcoin to its Wealthy Clients

Until recently, most traditional banks and Wall Street institutions have largely criticized Bitcoin, calling it different names like “unreliable”, “too volatile” etc. However, most are now striving for the wider adoption of blockchain technology by expanding their crypto services. One of those institutions, Goldman Sachs, a leading global investment bank, has now revealed that it is considering launching a Bitcoin investment vehicle before mid-2021.

Per a CNBC report, Goldman Sachs has decided to offer its opulent clients full exposure to investment vehicles in the coming months. This was made public by Mary Rich, the new global head of digital assets for the private wealth management division. This makes the firm the second big bank to propose Bitcoin offering to its wealthy clients.

Mary said that her role will cover the education of clients on blockchain technology and delivering investment offering and services. The investment offering could be physical Bitcoin, derivatives or traditional investments, she reveals.

Goldman Sachs Investment Vehicle Targeted at top Clients

Goldman Sachs’ announcement comes a couple of weeks after Morgan Stanley also said that it would allow its top clients to access Bitcoin. The move from these banks reveals an obvious fact that the adoption of Bitcoin and blockchain is going to grow even wider.

Since the year started the crypto market has witnessed a boom in the number of institutional adopting and investments in the flagship cryptocurrency. This caused the price of Bitcoin to soar within few months and even attracted more institutional investors. This is interesting, especially considering that 6 months ago, Bitcoin was only trading for about a fifth of its value today.

Mary hinted that the private wealth management service is due to the growing interest of some of their top clients. She continued that the program is targeted at families, and individuals, endowment funds with not less than $25 million to invest.

Leave a Reply

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 34,213.00 3.72%
ethereum
Ethereum (ETH) $ 1,938.17 0.42%
tether
Tether (USDT) $ 1.00 0.43%
polkadot
Polkadot (DOT) $ 15.58 0.71%
cardano
Cardano (ADA) $ 1.33 0.36%
binance-coin
Binance Coin (BNB) $ 293.09 2.54%
xrp
XRP (XRP) $ 0.644517 1.41%
litecoin
Litecoin (LTC) $ 132.14 0.89%
chainlink
Chainlink (LINK) $ 18.30 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 471.58 2.67%
stellar
Stellar (XLM) $ 0.258579 0.46%
usd-coin
USD Coin (USDC) $ 1.00 0.11%
dogecoin
Dogecoin (DOGE) $ 0.261292 12.36%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 34,222.00 3.45%
uniswap
Uniswap (UNI) $ 17.22 1.01%
aave
Aave (AAVE) $ 200.27 0.27%
cosmos
Cosmos (ATOM) $ 9.84 1.18%
monero
Monero (XMR) $ 207.62 3.36%
eos
EOS (EOS) $ 3.77 1.02%
bitcoin-sv
Bitcoin SV (BSV) $ 127.75 1.82%
tron
TRON (TRX) $ 0.065315 1.62%
nem
NEM (XEM) $ 0.112980 1.59%
iota
IOTA (MIOTA) $ 0.794485 0.03%
vechain
VeChain (VET) $ 0.077478 0.81%
tezos
Tezos (XTZ) $ 2.68 1.51%
theta-token
Theta Network (THETA) $ 6.92 0.51%
havven
Synthetix Network Token (SNX) $ 6.53 0.30%
avalanche-2
Avalanche (AVAX) $ 11.14 0.80%
neo
NEO (NEO) $ 33.59 0.01%
terra-luna
Terra (LUNA) $ 5.29 0.57%
dash
Dash (DASH) $ 126.45 0.60%
huobi-token
Huobi Token (HT) $ 10.46 3.59%
okb
OKB (OKB) $ 10.24 0.08%
elrond-erd-2
Elrond (EGLD) $ 65.14 1.77%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.101896 6.77%
the-graph
The Graph (GRT) $ 0.583534 0.10%
compound-ether
cETH (CETH) $ 38.74 0.05%
solana
Solana (SOL) $ 31.01 5.14%
maker
Maker (MKR) $ 2,172.82 0.39%
filecoin
Filecoin (FIL) $ 55.31 3.09%
cdai
cDAI (CDAI) $ 0.021530 0.17%
dai
Dai (DAI) $ 1.00 0.07%
ftx-token
FTX Token (FTT) $ 25.40 1.11%
celsius-degree-token
Celsius Network (CEL) $ 5.67 0.87%
sushi
Sushi (SUSHI) $ 6.68 1.15%
kusama
Kusama (KSM) $ 195.37 1.51%
compound-governance-token
Compound (COMP) $ 242.15 3.02%
zcash
Zcash (ZEC) $ 109.93 2.37%
ethereum-classic
Ethereum Classic (ETC) $ 42.12 2.18%
decred
Decred (DCR) $ 107.45 1.78%
binance-usd
Binance USD (BUSD) $ 1.00 0.10%
compound-usd-coin
cUSDC (CUSDC) $ 0.022099 0.04%
zilliqa
Zilliqa (ZIL) $ 0.075689 1.91%
uma
UMA (UMA) $ 8.58 3.00%
yearn-finance
yearn.finance (YFI) $ 30,548.00 1.05%
leo-token
LEO Token (LEO) $ 2.41 0.29%
pancakeswap-token
PancakeSwap (CAKE) $ 13.18 2.03%
waves
Waves (WAVES) $ 14.10 8.02%
near
Near (NEAR) $ 2.09 0.06%
amp-token
Amp (AMP) $ 0.061301 0.30%
0x
0x (ZRX) $ 0.650236 0.45%
huobi-btc
Huobi BTC (HBTC) $ 34,147.00 3.34%
algorand
Algorand (ALGO) $ 0.858608 4.51%
digibyte
DigiByte (DGB) $ 0.043650 3.64%
icon
ICON (ICX) $ 0.763078 0.76%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.183381 1.01%
nexo
NEXO (NEXO) $ 1.52 4.57%
xsushi
xSUSHI (XSUSHI) $ 7.86 0.32%
ethos
Voyager Token (VGX) $ 2.25 9.64%
loopring
Loopring (LRC) $ 0.224519 5.11%
thorchain
THORChain (RUNE) $ 6.36 11.96%
ontology
Ontology (ONT) $ 0.633144 0.25%
renbtc
renBTC (RENBTC) $ 34,004.00 3.26%
nano
Nano (NANO) $ 5.03 12.17%
basic-attention-token
Basic Attention Token (BAT) $ 0.549943 1.03%
omisego
OMG Network (OMG) $ 3.79 1.28%
republic-protocol
REN (REN) $ 0.359866 5.52%
zencash
Horizen (ZEN) $ 61.32 3.76%
bittorrent-2
BitTorrent (BTT) $ 0.002515 2.48%
swissborg
SwissBorg (CHSB) $ 0.493197 5.58%
ravencoin
Ravencoin (RVN) $ 0.053636 1.36%
iostoken
IOST (IOST) $ 0.019676 9.27%
qtum
Qtum (QTUM) $ 6.03 2.22%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.01%
venus
Venus (XVS) $ 19.03 3.13%
blockstack
Stacks (STX) $ 0.685976 8.29%
matic-network
Polygon (MATIC) $ 1.15 1.60%
curve-dao-token
Curve DAO Token (CRV) $ 1.66 9.53%
siacoin
Siacoin (SC) $ 0.011650 12.69%
quant-network
Quant (QNT) $ 77.80 5.89%
bancor
Bancor Network Token (BNT) $ 3.05 0.30%
reserve-rights-token
Reserve Rights Token (RSR) $ 0.022453 1.17%
fantom
Fantom (FTM) $ 0.228278 5.69%
mdex
Mdex (MDX) $ 1.65 0.10%
enjincoin
Enjin Coin (ENJ) $ 1.01 1.52%
energy-web-token
Energy Web Token (EWT) $ 6.03 3.95%
lisk
Lisk (LSK) $ 2.02 2.66%
ampleforth
Ampleforth (AMPL) $ 0.864128 0.80%
balancer
Balancer (BAL) $ 17.16 0.72%
terrausd
TerraUSD (UST) $ 1.00 0.10%
ocean-protocol
Ocean Protocol (OCEAN) $ 0.415625 2.19%
husd
HUSD (HUSD) $ 1.00 0.00%
nxm
Nexus Mutual (NXM) $ 73.93 0.83%
1inch
1inch (1INCH) $ 2.57 0.36%
bitcoin-gold
Bitcoin Gold (BTG) $ 40.62 1.25%
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.35 2.62%
verge
Verge (XVG) $ 0.021882 0.13%
decentraland
Decentraland (MANA) $ 0.501066 0.74%
alpha-finance
Alpha Finance (ALPHA) $ 0.379272 2.78%
flow
Flow (FLOW) $ 8.63 0.47%
band-protocol
Band Protocol (BAND) $ 5.45 3.06%
status
Status (SNT) $ 0.045318 6.12%
dodo
DODO (DODO) $ 0.924092 0.62%
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 24.25 4.86%
compound-usdt
cUSDT (CUSDT) $ 0.021280 0.27%
xdce-crowd-sale
XDC Network (XDC) $ 0.057353 4.99%
staked-ether
Lido Staked Ether (STETH) $ 1,931.14 0.16%
arweave
Arweave (AR) $ 10.94 1.71%
polymath-network
Polymath Network (POLY) $ 0.147859 9.30%
safepal
SafePal (SFP) $ 0.692109 5.12%
true-usd
TrueUSD (TUSD) $ 1.00 0.06%
zkswap
ZKSwap (ZKS) $ 0.774969 5.64%
polkastarter
Polkastarter (POLS) $ 1.01 1.35%
ethlend
Aave [OLD] (LEND) $ 2.11 0.65%
helium
Helium (HNT) $ 11.73 2.47%
civic
Civic (CVC) $ 0.189363 3.01%
pundi-x
Pundi X [OLD] (NPXS) $ 0.000922 11.99%
kava
Kava.io (KAVA) $ 3.39 1.04%
golem
Golem (GLM) $ 0.237258 8.19%
harmony
Harmony (ONE) $ 0.059348 2.60%
nucypher
NuCypher (NU) $ 0.229684 2.21%
holotoken
Holo (HOT) $ 0.005915 0.23%
nusd
sUSD (SUSD) $ 1.01 0.05%
electroneum
Electroneum (ETN) $ 0.006119 0.70%
nervos-network
Nervos Network (CKB) $ 0.012430 3.51%
derivadao
DerivaDAO (DDX) $ 2.30 0.78%
district0x
district0x (DNT) $ 0.127332 0.32%
bitcoin-diamond
Bitcoin Diamond (BCD) $ 2.05 2.79%
trust-wallet-token
Trust Wallet Token (TWT) $ 0.299556 1.21%
rif-token
RSK Infrastructure Framework (RIF) $ 0.153293 5.45%
swipe
Swipe (SXP) $ 1.81 2.75%
gnosis
Gnosis (GNO) $ 145.43 0.80%
numeraire
Numeraire (NMR) $ 27.70 1.84%
rook
KeeperDAO (ROOK) $ 135.49 8.23%
kucoin-shares
KuCoin Token (KCS) $ 6.84 0.13%
btc-standard-hashrate-token
BTC Standard Hashrate Token (BTCST) $ 21.34 5.07%
aragon
Aragon (ANT) $ 3.61 2.67%
fetch-ai
Fetch.ai (FET) $ 0.204052 1.56%
litentry
Litentry (LIT) $ 2.42 1.01%
funfair
FUNToken (FUN) $ 0.017035 0.02%
chiliz
Chiliz (CHZ) $ 0.244378 4.04%
seth
sETH (SETH) $ 1,956.94 0.43%
oasis-network
Oasis Network (ROSE) $ 0.052282 0.86%
injective-protocol
Injective Protocol (INJ) $ 5.96 2.09%
vethor-token
VeThor Token (VTHO) $ 0.006585 4.08%
saffron-finance
saffron.finance (SFI) $ 310.10 3.90%
augur
Augur (REP) $ 12.43 1.92%
the-sandbox
The Sandbox (SAND) $ 0.198770 1.49%
singularitynet
SingularityNET (AGIX) $ 0.149595 3.11%
secret
Secret (SCRT) $ 1.03 6.84%
telcoin
Telcoin (TEL) $ 0.022860 0.22%
serum
Serum (SRM) $ 2.88 1.37%
gatechain-token
GateToken (GT) $ 3.14 0.33%
mainframe
Hifi Finance (MFT) $ 0.006047 4.74%
sbtc
sBTC (SBTC) $ 34,504.00 2.65%
compound-uniswap
cUNI (CUNI) $ 0.345622 0.11%
ardor
Ardor (ARDR) $ 0.110858 2.50%
vai
Vai (VAI) $ 0.904028 1.57%
utrust
UTRUST (UTK) $ 0.216917 1.40%
prometeus
Prometeus (PROM) $ 11.68 2.80%
reddcoin
Reddcoin (RDD) $ 0.001962 17.70%
monacoin
MonaCoin (MONA) $ 1.40 1.04%
noia-network
Syntropy (NOIA) $ 0.163075 0.30%
compound-0x
c0x (CZRX) $ 0.013415 3.19%
wink
WINkLink (WIN) $ 0.000395 0.57%
ankr
Ankr (ANKR) $ 0.071740 6.79%
bytom
Bytom (BTM) $ 0.060662 0.38%
rocket-pool
Rocket Pool (RPL) $ 8.91 0.42%
origintrail
OriginTrail (TRAC) $ 0.240425 11.09%
steem
Steem (STEEM) $ 0.260174 7.50%
maidsafecoin
MaidSafeCoin (MAID) $ 0.656589 1.84%
tomochain
TomoChain (TOMO) $ 1.38 5.35%
edgeware
Edgeware (EDG) $ 0.006137 8.96%
skale
SKALE (SKL) $ 0.223391 0.01%
stratis
Stratis (STRAX) $ 1.28 0.10%
hegic
Hegic (HEGIC) $ 0.073513 5.15%
komodo
Komodo (KMD) $ 0.614156 1.51%
bitshares
BitShares (BTS) $ 0.043999 1.03%
unibright
Unibright (UBT) $ 1.02 8.49%
coinmetro
CoinMetro (XCM) $ 0.278659 8.55%
ark
Ark (ARK) $ 0.772324 3.99%
mirror-protocol
Mirror Protocol (MIR) $ 4.45 5.65%
keep-network
Keep Network (KEEP) $ 0.275597 4.64%
neutrino
Neutrino USD (USDN) $ 1.00 0.18%
iexec-rlc
iExec RLC (RLC) $ 2.68 2.82%
harvest-finance
Harvest Finance (FARM) $ 48.44 3.89%
iotex
IoTeX (IOTX) $ 0.015984 3.22%
badger-dao
Badger DAO (BADGER) $ 8.58 4.33%
redfox-labs-2
RedFOX Labs (RFOX) $ 0.058218 2.49%
empty-set-dollar
Empty Set Dollar (ESD) $ 0.042459 3.92%
ultra
Ultra (UOS) $ 0.451933 6.68%
wanchain
Wanchain (WAN) $ 0.538299 0.61%
iris-network
IRISnet (IRIS) $ 0.070837 1.31%
perpetual-protocol
Perpetual Protocol (PERP) $ 5.17 10.90%
trustswap
Trustswap (SWAP) $ 0.820055 10.53%
tokenlon
Tokenlon (LON) $ 3.13 0.11%
orion-protocol
Orion Protocol (ORN) $ 5.53 3.43%
titanswap
TitanSwap (TITAN) $ 3.35 2.24%
tether-gold
Tether Gold (XAUT) $ 1,780.59 0.18%
wax
WAX (WAXP) $ 0.097422 3.05%
yfii-finance
DFI.money (YFII) $ 1,785.03 1.86%
aelf
aelf (ELF) $ 0.156659 7.67%
haven
Haven (XHV) $ 7.59 8.24%
pax-gold
PAX Gold (PAXG) $ 1,787.18 0.12%
defipulse-index
DeFiPulse Index (DPI) $ 231.83 1.12%
math
MATH (MATH) $ 1.16 0.18%
api3
API3 (API3) $ 2.23 10.48%
sora
Sora (XOR) $ 183.65 2.54%
dent
Dent (DENT) $ 0.002315 0.53%
loom-network
Loom Network (OLD) (LOOMOLD) $ 0.042895 2.33%
nftx
NFTX (NFTX) $ 43.45 7.23%
gala
Gala (GALA) $ 0.006596 5.31%
axie-infinity
Axie Infinity (AXS) $ 3.67 0.67%
beefy-finance
Beefy.Finance (BIFI) $ 1,022.37 7.17%
swingby
Swingby (SWINGBY) $ 0.073584 14.89%
parsiq
PARSIQ (PRQ) $ 0.572309 3.06%
akropolis
Akropolis (AKRO) $ 0.016815 2.31%
nest
Nest Protocol (NEST) $ 0.010149 0.48%
stakehound-staked-ether
StakeHound Staked Ether (STETH) $ 1,879.43 0.65%
akash-network
Akash Network (AKT) $ 4.06 27.21%
cream-2
Cream (CREAM) $ 148.18 3.76%
auto
Auto (AUTO) $ 909.54 3.40%
storj
Storj (STORJ) $ 0.655794 2.46%
e-radix
e-Radix (EXRD) $ 0.138973 8.96%
hive
Hive (HIVE) $ 0.235727 2.67%
chainx
ChainX (PCX) $ 3.60 4.86%
wrapped-nxm
Wrapped NXM (WNXM) $ 52.93 0.11%
hathor
Hathor (HTR) $ 0.350656 8.00%
gemini-dollar
Gemini Dollar (GUSD) $ 0.992925 0.97%
frontier-token
Frontier (FRONT) $ 0.519303 5.73%
everid
Everest (ID) $ 0.220230 6.71%
lto-network
LTO Network (LTO) $ 0.178385 2.89%
power-ledger
Power Ledger (POWR) $ 0.137517 8.04%
livepeer
Livepeer (LPT) $ 22.04 5.68%
xdai-stake
xDAI Stake (STAKE) $ 8.79 0.36%
rari-governance-token
Rari Governance Token (RGT) $ 4.84 2.18%
cashaa
Cashaa (CAS) $ 0.021558 2.00%
energi
Energi (NRG) $ 1.71 3.38%
bytecoin
Bytecoin (BCN) $ 0.000423 3.01%
duckdaodime
DuckDaoDime (DDIM) $ 11.38 3.18%