Goldman Sachs Cryptocurrency Update, ‘Healthy’ Market Changes

Bitcoin, Cryptocurrency, Goldman Sachs–While most of the world hinges upon price news surrounding the the precipitous fall in value for Bitcoin and most of cryptocurrency, Wall Street megalith Goldman Sachs is updating clients on where they stand in relation to securing digital assets.

Despite the price fall experienced over the last two weeks, a growing number of clients for the big bank are posting inquiries into whether they can find safe harbor for their crypto assets. According to Bloomberg, Goldman has not made any progress on the front of direct custodian features for Bitcoin and altcoin holders, with the bank’s head of digital asset markets Justin Schmidt commenting upon the lack of availability at a conference in New York.

Schmidt, who offers a blunt response as to whether the bank is prepared to store customer digital assets, also highlights the present hurdle of understanding government regulations in relationship to cryptocurrency, a narrative that has been…