Goldman Sachs launches bitcoin-related financial product

Goldman Sachs launches Bitcoin-related financial product

Goldman Sachs has repeatedly stood out recently for its bullish stance. Now the investment bankers are offering their clients another gateway into the Bitcoin world.

A planned financial product by Goldman Sachs has the potential to allow clients of the big bank to invest indirectly in Bitcoin. The financial institution filed the Crypto Engine corresponding application with the US Securities and Exchange Commission (SEC) on 19 March.

The financial product is a so-called „linked note“. Such bonds are linked to other financial products – in this case an ETF. Interestingly, the Goldman Sachs note is linked to the ARK Innovation ETF, of all things, a fund that is intertwined with the Bitcoin economy.

An ETF for „disruptive innovation“

The Ark Innovation ETF (trading symbol: ARKK) has been in existence since 2013. The stated aim of the actively managed exchange-traded fund is to invest in technologies and companies with disruptive potential. For example, the ETF is interested in the energy sector, genetic engineering, artificial intelligence and also FinTechs and cryptocurrencies. Goldman Sachs‘ SEC filing states:

The ETF may have exposure to cryptocurrencies such as Bitcoin, indirectly through an investment in a grantor trust. The ETF’s exposure to cryptocurrencies may change over time and, accordingly, such exposure may not always be represented in the ETF’s portfolio.

What sounds like a purely hypothetical crypto exposure actually has a hand and foot. According to media reports, Ark Innovation holds shares in Grayscale. The world’s largest digital asset manager has a record amount of BTC in its Bitcoin Trust. Owners of the Goldman Sachs note thus profit from the crypto economy in a roundabout way.

Goldman Sachs sets its sights on Bitcoin

That the entry into the Bitcoin business is one of the motives for issuing the note cannot be denied. After all, no fully-fledged Bitcoin ETF has yet seen the light of day in the USA. Despite a considerable amount of applications, none of the proposed BTC exchange-traded funds have yet received approval from the SEC.

In this situation, Goldman Sachs has found a creative way to profit from rising Bitcoin prices on the exchange. The investment bank’s chief operating officer John Waldron recently proved that it is one of the proponents of cryptocurrency No. 1. In an interview, Waldron not only attested to an increased interest in Bitcoin among his own clients, he also promised to accommodate them. Since the beginning of March, Goldman Sachs clients have once again been able to trade BTC derivatives via the bank’s trading desk.

The recent attitude of Goldman Sachs is symptomatic of a general Bitcoin adoption among institutional investors. Morgan Stanley also announced its entry into the Bitcoin business last week. The major bank wants to enable its clients to invest in BTC funds. For this purpose, it is working together with the crypto company Galaxy Digital.

Denne Bitcoin-tilførselsmetoden signaliserer et stort langsiktig bullish rally

Hvis du trodde at Bitcoin-bølgen var over, kan de nye beregningene kreve at du tenker igjen. Pristoppen på $ 19850 er ikke testet på nytt, men på lang sikt antyder nye beregninger et lovende nytt år. Analysedataplattform på kjeden CryptoQuant er tilbake med bullish data om Bitcoin. Fra og med denne uken har den gjennomsnittlige tilstrømningen til børsene nådd en høyde på åtte måneder, dette ble sist sett i mars da tilstrømningen traff sitt laveste.

I følge dataene er dette en langsiktig bullish indikator for Bitcoin. Som forklart av CryptoQuant, kjører hval på baksiden av detaljistinvestorer ved å sette store mengder Bitcoin Era i børser, men med det ene formål å lagre. Strategien er imidlertid å selge de lagrede Bitcoins når detaljinvestorenes transaksjonsaktiviteter blir varmet på børser.

“Hval har nytte av detaljistinvestorer. Ironisk nok, hvis du ser den lave rammen, er Exchange inflow Mean et bullish signal. Hvaler setter inn til børser, men de selger ikke BTC. Tiden de selger mynter er når detaljistinvestorer er aktive på børser. ”

$ BTC ALLE VEKSLINGER INFLOW MEAN (7. MA) SLÅ ÅTTE MÅNEDER HØYT SIDEN MARS NÅR PRISEN SLÅR ÅRET LAVT.

VELDIG BULLISK I LANGKJØRINGEN.

TRÅD 👇 PIC.TWITTER.COM/O00EA5YV4P

– Ki Young Ju 주기영 (@ki_young_ju) 9. desember 2020
Å legge til at dette er en relevant validator for „buy-the-dip“ -konseptet, som CryptoQuant-data sier;

“Signalet kan også brukes som en buy-the-dip-indikator. Hvaler setter inn BTC for å bytte mye etter stupet, men til slutt innser de at det er for lav pris å selge BTC. “ Henvisningen til å kjøpe dip kunne ikke ha kommet på et bedre tidspunkt hvis du har fulgt markedssentimentene den siste måneden.

Vanligvis er bjørnemarkeder gunstige på lang sikt fordi et marked spretter tilbake psykologisk. For Bitcoin, som fremdeles ennå ikke mister dampen i markedet så langt som usikkerhet, kan enhver nedadgående trend være et strategisk inngangspunkt for handelsmenn.

Denne Bitcoin-tilførselsmetoden signaliserer et stort langsiktig bullish rally
BTCUSD-diagram av TradingView
Med Bitcoins nåværende pris på $ 18,100 kan en dukkert sende BTC som henger under prismerket på $ 17.000, dette kan føre til at kjøpere selger myntene sine lenger nede i veien, og dette kan utvide inngangspunktet for vedvarende handelsmenn og investorer.

3 / OPPTAKTEN I DENNE INDIKATOREN HENTET 10. NOVEN SÅ DEN NÅR $ BTC-PRISEN VAR RANGER $ 15 000.

JEG VAR VELDIG BULLIG PÅ DENNE TIDEN. HTTPS://T.CO/LFUXNNXGWI

– Ki Young Ju 주기영 (@ki_young_ju) 9. desember 2020
Etter at Bitcoin dyppet, blir markedsmanipulering oppfattet, og nye data antyder at en avgang foregår. Starter med markedsaktiviteter i markedet, har Bitcoin miners ‚indeksposisjon nådd en ny treårig høyde, dette er resultatet av gruvearbeidere som angivelig solgte sine Bitcoins til OTC-markeder eller børser. Spekulasjoner fra kommentatorens hint om at dette kan inspirere milde bearish trender ettersom institusjonelle investorer er kundene.

Samfunnsmedlemmer spekulerer i alt fra fremtidig markedsmanipulering til en mulig endring i markedsdynamikken på grunn av institusjonell investeringsinteresse. Analytikeren WhalePanda delte også sitt syn på dette emnet.

Old but beautiful: Bitcoin and Ethereum at laBITconf 2020

During the second day of laBITconf 2020, Bitcoin and Ethereum were in a central theme within an interesting panel.

We continue with the coverage of laBITconf 2020. In this opportunity, we will tell you the highlights of the panel led by Anthony Di Iorio, Brock Pierce, Charlie Shrem and Rodolfo Andragnes, called: „Old but beautiful“. In it they spoke about the benefits and the transformation that the main cryptosystems of the market have provided to the economy. How is Crypto Genius review and Ethereum.

The panelists, expressed that since 2008, the crypto currencies have opened a different alternative for investment and business. Likewise, they highlighted that crypto currencies like Bitcoin, allowed many to think of the digital era as their „income salvation“. Without being affected by external situations.

They also mentioned, that, currently, millions of people prefer to safeguard their income in the wallet of this crypto currency. Why? Because they know that the value of this virtual currency does not depend on the opinion of an official body. On the contrary, its value is based on the „supply and demand“ of the users themselves who handle it.
laBITconf 2020: „Old but beautiful

Is mass adoption of Bitcoin possible?

Bitcoin the lifesaver against any crisis?

For their part, they commented a little on the crisis currently caused by COVID-19 and how the economy has been affected by it. Rescuing the benefits that cryptosystems like Bitcoin and Ethereum can offer in the face of crises like these.

They highlighted that, in fact, it’s time to see Bitcoin as the excellent alternative that it is for society. Assuring that this virtual currency will be the main protector of our capital in the face of the unevenness of the global financial system. For that is the main reason for its creation.

Anthony Di Iorio

Over three decades Anthony Di Iorio has launched more than 10 companies. He has invested tens of millions of dollars in numerous industries, including the block chain.

Di lorio expressed in the laBITconf 2020 speech that he sees virtual currencies as the axis of a revolution that has transformed and will transform the way we live. The main virtue of „crypto“, a common abbreviation for virtual currencies, may lie in their ability to safeguard the user’s identity.

He also commented that, the revolution will spread through the business world, including politics. „Technology will provide new forms of governance, new ways to eliminate voting fraud. I am in favor of personal freedom. You should be able to do what you want as long as you’re not targeting anyone,“ he said.

Much of the excitement around cryptomonies today centers on Ethereum, where, as an early investor, Di Iorio made a lot of money

For his part, he said that much of the excitement around cryptomonies today is centered on Ethereum, where, as an early investor, Di Iorio made a lot of money.

While Bitcoin is remarkably good at financial transactions, Ethereum, first proposed in 2013, has a rich programming language. That can make possible a wider range of applications. The enthusiasm is spreading.

For his part, Charlie Shrem is the founder of the Bitcoin Foundation, which coincided with the arrival of Bitcoin and later other crypto currencies. The world economy began to change.

Today, digital currencies are „taking the pulse“ of traditional currencies. Impacting the global financial system and presenting themselves as the possible currencies of the future.

He added that crypto-currencies have made a niche for themselves in society. And, today, there are many users who make use of these currencies to maintain their own capital. And, thus, avoid possible setbacks that may arise within the global economic system.

Apart from all this, we must also take into account that crypto-currencies present multiple benefits with respect to traditional currencies.

„What this means is that we are not subject to any kind of commission, which is what banks usually do in order to carry out transfers. Therefore, with these digital currencies, we will not need any kind of intermediary, which makes it easier to make any movement,“ he added.

Although crypto-currencies are currencies that have relatively little time to live, experts assure that their impact on the world economy will be increasingly strong as the years go by.