Hedge funds clients have reportedly petitioned Goldman Sachs’ chief technician to begin covering bitcoin, mainly on account of the poor performance of hedge funds.
Hedge funds have been starved of volatility in all other classes of assets, according to Tyler Durden (financial writer noted in ZeroHedge.com)
Should Goldman Sachs invest in bitcoin, it would signal a new level of acceptance for the cryptocurrency for institutional investors. Institutional investors have largely avoided bitcoin.
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