Greenspan: Wall Street Prepares to Get in Digital Currency Market and the Market is Expected to Stabilize
"The funds of Wall Street can create a lot of liquidity and stabilize the market."
Mati Greenspan having an Interview with Bloomberg
Greenspan said that although it is not clear that Wall Street’s attitude toward the digital currency market is bearish or bullish. But if the world's largest financial community is involved in a new market, surely it will make participants in this market to have a clearer vision for the future. Currently, Greenspan believes that the role of Wall Street should be to stabilize market prices.
Greenspan does not seem to be concerned about the possible problems with digital currency in the actual use of payment methods. He quoted analysts from several financial institutions and said that if more money is injected into the digital currency market by Wall Street, the market liquidity will increase. It will also be easier for the public to accept as a means of payment.
“Wall Street Feels Regretful”
According to Greenspan, Etoro's data shows that number of people who opened digital currency trading accounts last November is still growing. Previously Wall Street had tried digital currency. The introduction of Bitcoin futures from CBOE and the Chicago Mercantile Exchange shows that Wall Street is just around the corner. Unfortunately, at that time Bitcoin prices have reached a historical peak, and Wall Street eventually missed this wave of currency surges.
“I believe in Bitcoin”
Mati Greenspan Twittered for Bitcoin
Greenspan praised the Blockchain and digital currency in an interview, saying that this decentralized, transparent, and fair mechanism can subvert the current social structure from the ground up. After the interview, in response to another digital currency investor's Twitter, he even said that Bitcoin is his most favored currency, "because of its limited circulation."
According to New Yorker, the journal, many small-scale investment banks from Wall Street have recruited many Blockchain technicians and digital money market analysts. EfinanceCareer also reported that several large companies, including Bank of America and JP Morgan Chase, are also openly recruiting professionals of this field.
Wall Street began to lay out the digital currency market, while many blockchain startups to recruit employees from Wall Street. According to CNBC, another Goldman Sachs executive was hired as a COO by a digital currency bank called Galaxy Digital. The company expects to provide convenient services for the storage and transaction of digital currency in the future. It is reported that in the past year, many Blockchain start-up companies have successively recruited talented analysts, executives, and technicians from Wall Street financial companies such as Goldman Sachs, Blackstone, and JP Morgan Chase.