Wall Street U-Turns on Crypto - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Summary: <br> <br> <br> <br> <a href="http://subscribeonandroid.com/podcast.coin.fm/feed/podcast" target="_blank" rel="noopener"></a> <a title="Subscribe to the Coin.FM Cryptocurrency Podcast by Email" href="http://subscribebyemail.com/podcast.coin.fm/feed/podcast/" target="_blank" rel="noopener"></a><br> <br> Episode #27<br> <br> The winds of change are starting to blow in the world of cryptocurrency as governments and large investors begin to take the market more seriously.<br> <br> George Soros is a world-renowned investor worth $8 Billion, according to Forbes. For decades, he’s been a trusted influencer in the world of finance and just weeks ago he called Bitcoin a bubble. However, in a surprising turn of events, His $26 billion hedge fund, Soros Fund Management has just announced new plans to… you guessed it -- trade cryptocurrencies!<br> <br> Another big Wall Street player has stepped into the limelight with unexpected news…<br> <br> After about 5 months of “deny, deny, deny”, Goldman Sachs has finally announced that they WILL –in fact—be opening a crypto trading desk. For now, the desk is expected to offer a limited number of derivatives – mainly trading Bitcoin futures, but it’s a definitely start.<br> <br> The CEO of Nasdaq, the second-largest exchange in the world by market capitalization, behind the New York Stock Exchange and is based in the US, recently gave a bullish outlook regarding cryptos and suggested that Nasdaq may adopt cryptocurrencies at some point in the future.<br> <br> For now, the exchange is securing a foothold in the crypto market through an announced partnership with the Gemini exchange, owned by the Winklevoss twins.<br> <br> Gemini will reportedly be the first digital currency exchange to make use of Nasdaq's SMARTS Market Surveillance Technology, which id designed to monitor & minimize potential violations in trading.<br> <br> So What does all of this mean?<br> <br> By the looks of it, wealthy traditional investors are beginning to test the crypto waters.<br> <br> Hey, if Jamie Diamond could publicly back step and eat his words that Bitcoin is a ‘fraud,’ I suppose anything’s possible.<br> <br> Maybe doing as they do, not as they say isn’t such a bad strategy after all.
