3 ms·
> which is roughly the market cap of Goldman Sachs. Nothing prevented GS to enter the crypto space and offer a product similar to Coinbase's. Instead, this is
by ur-whale 6y ago
> which is roughly the market cap of Goldman Sachs.
Nothing prevented GS to enter the crypto space and offer a product similar to Coinbase's.
Instead, this is what they were spending their time on:
https://www.theguardian.com/business/2017/nov/30/bitcoin-is-a-vehicle-for-fraudsters-warns-goldman-sachs-boss https://www.theguardian.com/business/2017/nov/30/bitcoin-is-...
- rchaud 6y agoGoldman Sachs is large enough and ubiquitous enough that it should be assumed that they are, to some extent, on both sides of every trade they recommend (or discourage). Just because Goldman is telling their pension fund clients to avoid crypto doesn't mean that they don't have teams trading billions of it daily.