A name as well-known as Goldman Sachs has started to say that they are finding it hard to ignore cryptocurrencies at this point. Something that once did not play that big of a factor in the mainstream investment world has now started to matter greatly.
Cryptocoinnews.com says that Goldman Sachs has asked its analyst to have a look at what this whole crytocurrency situation is all about. They are seeing now that crytocurrencies may not be just a passing fad. There may in fact be some serious money to be made in this type of investment.
The chief analyst for Goldman Sachs on the subject of cryptocurrencies made a very accurate prediction about how Bitcoin would pull back on its price before riding a new wave to new highs. The forecast for Bitcoin as it stands right now from Goldman Sachs is for an even greater increase in value once again.
At a time when so many other things to invest in are dicey at best, the outlook for cryptocurrency is very optimistic. Goldman Sachs is all about making a profit for themselves and their clients. They will look for that value no matter where they can find it. Right now, they say that cryptocurrencies are the place that they want to put some of their funds.
Some top executives and others in traditional finance have actually left their posts to go and pursue the profits available in cryptocurrencies. They are even saying that it is irrelevant to know about if you believe that there is a real place for cryptocurrencies in terms of their intended uses, there is a place for making money on them. They see the real dollars at work, and they want to make a profit. Remember, a market can spring up anywhere.
There are new questions arising as to how these currencies will be regulated. Recently, the U.S. Securities and Exchange Commission (SEC) has ruled that some of the cryptocurrencies out there are securities. That means that they are subject to the regulations put out by the SEC. That means that even some international investors may have trouble getting involved with this market.
Despite all of these headwinds, there are still so many who want to invest in cryptocurrencies. The fact that Goldman Sachs has gotten involved in the market makes it seen as something all the more legitimate.
Dil Bole Oberoi
