Goldman Sachs Plans to Invest Tens of Millions of Dollars in Crypto Companies

praised blockchain’s potential to cause digital disruption in the financial infrastructure. However, he said that the bank couldn’t do a lot with crypto due to regulatory roadblocks.

Goldman’s top competitors are seemingly less optimistic about cryptocurrencies. Last week, Morgan Stanley CEO James Gorman opined that crypto didn’t have intrinsic value, but stressed that the industry was likely not going away despite the dramatic crash. Meanwhile, JPMorgan Chase CEO Jamie Dimon maintains his dismissive attitude toward cryptocurrencies, recently comparing them toGoldman’s potential bet on bargain crypto firms may backfire. As reported by U.Today, BlackRock CEO Larry FinkAlex Dovbnya

Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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