>The value in GS opening a bitcoin trading operation is mostly in them publicizing and having people write articles about it
I think it's more about providing their customers with what they want. Or “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures ...” as the article says.
You've got to remember Wall St mostly makes money charging fees on the public investing and much of the public buys what's gone/is going up. Even if that's overpriced dotcoms in 99 or dubious bitcoins now they are happy to facilitate and take a percentage.
I think it's more about providing their customers with what they want. Or “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures ...” as the article says.
You've got to remember Wall St mostly makes money charging fees on the public investing and much of the public buys what's gone/is going up. Even if that's overpriced dotcoms in 99 or dubious bitcoins now they are happy to facilitate and take a percentage.