It is a great news! Many people will benefit from it. I am sure they will start STEEM too sooner or later! :)

That would be great, This will take crypto and bitcoin to a whole new level.
May and June always play a vital role in Crypto Growth, we have started listening good news. congratulations.

Look at the prices right now and see what a big influence such news have on the market. These kind of institutions are not dumb, knowing when to invest if they haven't already and just came with the announcement to take the prices higher.
Why they haven't made such decision in December when BTC was close to 20,000?
They don't buy on feelings like most of us do. No wonder why they're called the smart money...

Excellent, the first thing we need to know is that you can not stop things like Bitcoin. It will be everywhere and the world will have to readjust itself. Bitcoin will do to the banks what the email did to the postal industry. We have decided to put our money and our faith in a mathematical structure that is free from human or political mistakes.

I think a lot of institutions DO own a lot of bitcoin.

If you think back to 2017, something weird happened in March when bitcoin was at the $1000 mark. China had just closed down their exchanges (so a real ban for once) and everytime the price dipped it went back up and then started to power up. I think it was institutional investors fueling the ride up.

Really a Huge news! It has some great weight for crypto enthusiasts. Hope they will launch indeed.

It's a bout time they will do it

I think this is really great informative news..I appreciate this post...

Big banks create fear then by when the price is low. Also they invest very quietly when everyone else is walking away. That's how the banks get rich and the poor stay poor.

Interesting... the good news is G.S. is interested, and the bad news is G.S. is interested.  I don't like to be associated with scum.

BTC is going mainstream baby!   Hopefully it will drag STEEM along to new heights 👍💰👍

>Remember the famous quote of warren- " Derivatives is the financial mass destruction" 

i don't trust this Goldman Empire  shit, all they do is for their own interest to make money and not for the Bitcoin promising future.

What’s crazy is this I was telling people about this months ago. I happen to have caught wind of the 440k bitcoin purchase they made at $5600 a unit. 

They literally have the power to control the market as they see fit. If you thought you seen manipulation before. Wait until you see what comes next.

This is great news! This should spark more banks to follow and ultimately a big step for cryptos. Hodling with require much patience, but those who wait will be rewarded.

This is highly valuable information. Definitely need to stay updated on when they first plan on trading cause that is going to be a huge boost in price. Thank you for the information, and good writing!

This doesn’t just add legitimacy but liquidity and will help push the price up, reducing volatility!

> great news!
now Bitcoin will touch the moon again.
i can witness that!

Always watch what they do, not what they say.  The same applies to Bank of America, Fidelity, and a slew of other institutions talking down on cryptos while moving into the space.  It's nasdaq '95 all over again.

Great update, I love that quote. Once Goldman gets in all of Wall Street will join in for FOMO. In investor calls, analysts will be asking banks and hedge funds why AREN'T you trading bitcoin and bitcoin contracts/futures. As far as the graph is concerned. I think we're at the lower end right above the bear trap that we just came out of. We are nowhere near "the paradigm" of everyone and their grandma buying crypto with their 401k and IRAs. Bitcoin still has a long way to blow up. #bullish

I have heard that starting around May 14, 2018 there will be a WALL of institutional money hitting the crypto space.  Get in and HODL!!

I think that the fact that they're going back on their words really is also an endorsement for bitcoin, a whole lot country and their negativity toward cryptocurrency is really not good, I guess this goes ahead in really supporting the viability of bitcoin

Woow woow woow!
The future is bright for cryptocurrency. Investment trusth is becoming solid as profit is high
I look forward for the day crytocurency would be trade in international trade as a meduim of exchange 
Thank God am part if this movement.

This is good news for sure. This further establishes that there is immense institutional interest out there and it is forcing goldman sachs to start this desk. Even more important, goldman is pushing regulators to get crypto regulation in place. 

I think this may lead lead to sequential classification of crytos as securities. Given the amount of debate as to whether ethereum and icos are securitiea or not, bitcoin may be the first to get regulatory clearance and see massive institutional flow.

Lastly, banks will not be able to buy or sell bitcoin till they have regulations, which is why they are forced to launch derivatives. In order to provide liquidity and make markets, banks need bitcoin inventory and also need to classify bitcoin in some risk asset bracket and hold capital against it. Unless they know what to do with it and how to account for bitcoin on their balance sheets, they will not start providing liquidity in bitcoin. I talk more in my article -

https://steemit.com/bitcoin/@karamyog/can-banks-enter-crypto-space-barclays-ceo-pushes-back-what-should-you-believe

Goldman's move will usher more banks and with time, we will see a massive derivative desk on crypto assets. For banks, one door will close but another door will open, both due to cryptocurrencies.

An Honor Can read your post @jrcornel Goldman Sachs a very unusual thing To Open Bitcoin Trading Operations
I See The tremendous change in Global marketing that is now a Reference for All Invertor to share it with me in terms of the risks in Bitcoin and cryptoccurency. This is confusing if this becomes a view in the world of Cryptoccurency, This is the right Watu for everyone to create a change and prepare the power to be able to compete here to be a winner maybe a few months earlier something that happened in the global market down drastically but that does not mean it's a big problem
Preparation continues to be a reference for a change in the world of coins or Criptoccurency and we will be the Winner later in the global marketplace.

Thank you @jrcornel for having a very useful view for us in Indonesia
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#  See you on The Top

They have finally decided to stop being stupid and backwards and joined the 2nd internet revolution of the 21st century, this could be the start of something really big.

Regarding the graphic, at this point, i don't even know, some will say we are past the mania phase, other say we are past capitulation and returning to the mean, but since crypto currency adoption is still so small, i believe we are still in the awareness phase.

Goldman’s sophistication was a big part of the reason he was open to the job, despite many other opportunities in the virtual currency world.

I think that really is a good many countries for Bitcoin and their negativity toward cryptocurrency is not really good, I guess it really goes forward to support the functionality of Bitcoin
![DQmW3tZ6xCq3Qc3RZmciv2Y6mJuck4cJM7md7shbwmh1p3V_640x480.png](https://steemitimages.com/DQmeDXMqf8EmhfjygDga9otMdTPsf9BstzGqLEGQXUZL59E/DQmW3tZ6xCq3Qc3RZmciv2Y6mJuck4cJM7md7shbwmh1p3V_640x480.png)

They probably looked at the balance sheet of binance.

Humans accept change but slowly same is the case here. I hope its benifitial for crypto. 

Flashback: Lloyd Blankfein had a level of discomfort with Bitcoin in November 2017 but, "Not willing to poo poo it!" Ha ha!