You know there is trouble ahead when a major Wallstreet bank like Goldman Sachs decides to dip its toes into bitcoin trading. This story is not going to end well I am afraid. As good as it sounds for bitcoin price, acceptance and growth it brings with it risk. The issue I would have is greed. I am not implying that Goldman Sachs is a dishonest investment bank but how will they put in measures to prevent staff front running trades. Bitcoin ownership is opaque at best. Any single person at the bank can switch on their phone and place an anonymous trade in a personal capacity ahead of what they do in their corporate role - that is called front running. That I suppose is the least of trading worries. We can expect the inevitable scandals to come out that follows any Wallstreet trading activity.
Things have to be really bad now in investment banking to consider entering bitcoin activity. Remember bitcoin is supposed to be largely used by criminals .......oh wait a minute it all makes sense now ;-)
You can read the full article here in the New York Times:
https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html
