Goldman Sachs will launch a trading desk for btc

[xtinepink]

Another good news for btc and cryptocurrency!

 

It was reported on New Ypork Times that bank giant is setting up a btc trading desk.

They bank hopes to receive regulatory approval to begin trading of bitcoins. 

 

more of that here:

https://www.ccn.com/goldman-sachs-will-launch-a-bitcoin-trading-desk/

[barbaris]

I hope this will positively affect bitcoin and its price.

[wry]

This is to trade futures, not bitcoin.  Futures are basically bets on the price of bitcoin in the future.  So no actual bitcoin actually trades hands.  So while this may be a minor short term good thing, since it wont lead to any direct increase in bitcoin trading or value, I'm not that jazzed about it.