Bitcoin is booming. Thanks to increasing acceptance, sky-high prices, and high-profile adoptees like Tesla, the sector is red-hot. Even traditional banking institutions are getting in the game. According to a statement by the president and chief operating officer of Goldman Sachs this week, more of their clients than ever are demanding the buzzworthy cryptocurrency. In fact, the prominent investment bank and financial services company is relaunching its cryptocurrency trading desk after shelving the venture three years ago. Goldman’s John Waldron went on to say that Goldman is betting big on bitcoin in the post-pandemic era as the sharp rise in online commerce over the last year will continue to grow and cause an “explosion” in the adoption of digital currency use.
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Bitcoin being mined at Bitfarms in Saint Hyacinthe, Quebec on March 19, 2018.
