Growing support from Wall Street is encouraging Bitcoin bulls. As a result, big money from financial institutions could soon enter the crypto market.
Investing in Digital Gold
Bitcoinist reported yesterday that Goldman Sachs is moving to solve Bitcoin’ main obstacle for institutional investors: custody. This comes hot on the heels of other companies like the operator of the New York Stock Exchange (NYSE) and Starbucks looking to get into cryptocurrency with a new digital assets trading platform, dubbed Bakkt.
But this week could provide some more bullish news for Bitcoin price 00 as the U.S. Securities and Exchange Commission (SEC) might finally approve a Bitcoin exchange-traded fund (ETF) this Friday.