In 2017, the Bitcoin bubble was largely driven by your average consumers, mom & pop investors that were trying to earn towards their retirement. You see, due to the friction in the corporate and institutional world, big names on Wall Street and Silicon Valley were slow to enter, only making announcements and dropping leaks instead of releasing products and directly driving adoption.
Just under two years later, this is changing. As made clear by Google Trends data, the demographic that boosted BTC from $1,000 to $20,000 in 2017 is still widely oblivious about this recent rally. Filling the gaps are institutions, who seem to be serious in their forays into this industry.
According to a report from The Block, which cites a job posting from Goldman Sachs, the notable Wall Street bank is really looking into this space, hence the need for a “Digital Asset Project Manager.”
Where No Man Has Gone Before
“Further than ever before”, that’s what Goldman Sachs’ HR team wrote to describe its entree into the cryptocurrency space to job candidates. Per the listing, the Project Manager for the bank’s new cryptocurrency unit will be “exploring” opportunities in this industry, meaning they will be responsible for “defining both the scope and direction of the business.” The candidate will be responsible for developing a roadmap for the unnamed division, and collaborating with other divisions, especially compliance and risk.
While the job posting makes it sound like Goldman doesn’t have any concrete plans, there have been whisperings of plans in the works. Case in point, just last month, the chief executive of the institution, semi-professional disk jockey David Solomon told a French news outlet that Goldman is eyeing its own cryptocurrency. Read More at Blockonomi...