Goldman Sachs has a minimum threshold of £18,135,375.00 investment for individuals, families and endowments under its wealth management business offerings. This shows a huge some of money is coming to Bitcoin and the overall crypto market.

The Wall Street banking agent called Goldman Sachs is on the verge of offering crypto options in the second quarter.

Mary Rich who is the global head of digital assets for the private sector in the wealth management division says that the banking giant will be offering crypto investment options in quarter 2 of 2021. During an interview this week Rich stated:

We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term”.

Goldmans Sachs is not looking to enter the Q2 sector half heartedly.

Rich added that the demand of their clients wanting exposure to the crypto currency world has increased dramatically. The recent bull run has attracted a lot more attention from the high end institutional players and more and more want to come on board in fear of missing out.

“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that. There are also a large contingent of clients who feel like we’re sitting at the dawn of a new Internet in some ways and are looking for ways to participate in this space.”

Goldman Sachs is also competing with Morgan Stanley in the crypto services field. Now that Goldman Sachs is not the only one offering their institutional players options, we’re going to see more and more companies like these coming aboard.

We all know that Goldman Sachs don’t deal with the small fish so we can expect millions of £’s and $’s to come into the crypto universe.

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