RATE Group | JP Morgan and Goldman Advise Clients to Not Buy Bitcoin, Claims Industry Exec
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JP Morgan and Goldman Advise Clients to Not Buy Bitcoin, Claims Industry Exec

01 May JP Morgan and Goldman Advise Clients to Not Buy Bitcoin, Claims Industry Exec

Posted at 16:30h in Cryptocurrency News by

  • Advisors at JP Morgan and Goldman Sachs are discouraging clients from purchasing Bitcoin, claims a California-based wealth manager.
  • Newly launched Digital Asset Investment Management risked losing an institutional client upon the two banks’ intervention.
  • The firm admits that the potential Bitcoin buyer got cold feet right after speaking to his financial consultants.

JP Morgan and Goldman Sachs are advising their clients against purchasing Bitcoin, a unique asset whose US dollar-rate has surged 8,000 percent since 2009.

Digital Asset Investment Management (DAIM), a California-based digital asset wealth manager, alleged that it risked losing a vital client upon the intervention of the two financial moguls. The firm claimed that it has an institutional player who was ready to invest in bitcoin but changed his mind after speaking to his advisors at JP Morgan and Goldman Sachs.

“I have a client who was ready to buy bitcoin and after talking to his Advisors at JPM & GS told me…

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