CryptoWallCity vs MEXC Exchange

Goldman Sachs is preparing to complete its crypto investment service by 2022.

Goldman Sachs was previously known for its anti-crypto stance. Today they want to lead the crypto race with new investment products.

This is the latest sign of the strength of blockchain-related assets including bitcoin, a new currency that emerged from the wreckage of the 2008 financial crisis and whose exact origins are still unknown. So far, major US banks have largely shied away from bitcoin, deeming it too speculative and volatile for customers.

But the industry invested after the most recent bitcoin price boom. The rise has attracted institutional investors, corporations, and fintech players, and the infrastructure for holding digital assets is continuing to mature.

Mary Catherine Rich, Goldman Sachs’ newly appointed global head of digital assets, has announced that the bank will soon offer investments in Bitcoin (BTC) and cryptocurrencies other for clients in its private wealth management group.

In an exclusive interview for CNBC, Mary Rich said that Goldman Sachs is working hard to provide exposure to this emerging asset class in the second quarter of this year:

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

Additionally, Mary added that the company is looking into the possibility of providing a complete suite of crypto investment tools through different investment types.

It seems that Goldman Sachs does not want to be surpassed by Morgan Stanley – an American multinational financial group that acts as an investment bank and broker when the giant recently announced that it can provide provide Bitcoin funds to its clients.

In addition, the ongoing demand for digital assets has grown exponentially thanks to institutions and celebrities like Michael Saylor that have found a way to accumulate crypto by asking for loans from various crypto-friendly banks. And he also recently borrowed another $205 million to buy Bitcoin.