Demand for Bitcoin has increased impressively over the last year, especially after the latest price correction that appears to have been even healthy for crypto. Now Goldman Sachs assures that its clients demand to invest in Bitcoin.
Could Goldman Sachs offer a crypto service?
According to Reuters, John Waldron, director of operations at Goldman Sachs, assured that the firm is currently studying how to offer a service that meets the growing demand from clients looking to invest in Bitcoin.
However, nothing has yet been assured by the firm. Waldron assured that Goldman Sach “will continue to evaluate” cryptocurrencies for clients.
But, in addition, Goldman Sachs is also exploring a Bitcoin exchange-traded fund and even and already entered a request for information.
Even so, we must remember that Goldman Sachs is a regulated organization and, since crypto regulations in the United States are still diffuse, the firm may find obstacles to offer a crypto service.
Bitcoin once again at $ 57,000
The price of the leading crypto soared once again to hit $ 57,000, especially as institutional investors bought the drop.
Once again, the rise of Bitcoin may be linked to the monetary policy decisions of the United States. In fact, as we reported in CryptoTrend, yesterday Anthony Pompliano noted that the US stimulus is even greater than the entire Bitcoin market.
Regardless, according to Marcel Pechman, an analyst at CoinTelegraph, the price correction could have been healthy. Will we soon see Bitcoin break through its all-time high again?
Vitalik Buterin Suggests Crypto Scale Solution For Ethereum
Ethereum’s scalability issues are widely known in the crypto community. In fact, we are all looking forward to the execution of ETH 2.0 which will end all problems, but that is still a long way from that.
So recently, Vitalik Buterin highlighted a “really powerful” scaling solution that will help crypto as ETH 2.0 arrives. Specifically, he mentioned the ‘Rollups’ as a temporary solution.
Rollups are a Layer 2 method to aggregate transactions within a smart contract. Consequently, such a solution contributes to reducing tariffs and network congestion. In fact, in theory at least, they increase throughput to more than 1,000 transactions per second. (Currently 15 transactions per second).
Nifty Gateway Could Be The Biggest NFT Crypto Market Of All
Messari recently published a report revealing that Nifty Gateway, the NFT platform acquired by Cameron and Tyler Winklevoss, could be worth up to $ 1.2 billion.
As the NFT crypto market has grown, the Nifty Gateway platform has positioned itself as a leader. In fact, Messari says it is valued between $ 774 million and $ 1.2 billion.
While its closest competitor, Open Sea, could have a valuation of between $ 321 and $ 498 million.
And, if you have been impressed, it turns out that the model is made under conservative expectations about the NFT crypto market. A second model places the valuation of Nifty Gateway between $ 5.5 and $ 8.6 billion.
In a few lines …
- Cinemas in Thailand have decided to join the crypto world and accept Bitcoin.
- Grayscale is looking to land nine key hires in roles related to an ETF.