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$3 trillion asset manager Goldman Sachs says it will evaluate participating in Bitcoin or Ethereum markets if regulators permit. Goldman Sachs CEO David Solomon spoke at a Reuters NEXT press conference about the firms’ future in crypto, saying that further investments in Bitcoin would “be evaluated.”
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Last week, Bitcoin passed $100,000 for the first time. The achievement was the peak of a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. Multiple financial firms and asset managers are now putting their two cents into the crypto industry conversation. Furthermore, Ethereum is also climbing higher in price, and is expected to follow Bitcoin’s price surge, hence why Goldman Sachs is taking an interest.