John Waldron, the COO of Goldman Sachs, declared that the company would “continue to evaluate” and “engage on” crypto for customers and that the decision to reopen the crypto trading desk was met with positive feedback and increased demand from people interested in acquiring Bitcoin.
Like many other experts in the field, he named the COVID-19 pandemic as being the cause for the crypto craze that started several months ago. Goldman Sachs is in talks with regulators and central banks from all over the world on the topic of how to approach digital assets. Waldron added:
“The pandemic has been a significant accelerant. There is no question in our mind there will be more digital commerce … and [use of] digital money… We are regulated on what we can do. We continue to evaluate it … and engage on it.”
Some consider this to be an obvious win for Bitcoin, but some are skeptical and think of this move as being a bearish indicator.