Goldman Sachs Says Bitcoin is on The Path to Maturity
Cryptocurrency Broker – Luke
Analyst and Global Head of Commodities research from Goldman Sachs, Jeff Currie, reportedly believes that more institutional cash is required to balance and stabilise the market. Even after more than ten years of price volatility, Bitcoin (BTC) is now beginning to grow as a digital asset class. Currie has said in an interview with CNBC that Bitcoins’ amazing climb has caught the attention of larger institutional interest, however noted how smart financial investors are currently only a small part of the entire market.
It has been reported that Currie believes the market for buying Bitcoin is “beginning to become more mature” while also noting how volatility and other risks that come with it are not uncommon for nascent assets. He goes on to say that the way to create some kind of stability within the market is by looking out for an increase with the institution investors. Some of the most popular names in Wallstreet like Stanley Drunkenmiller and Paul Tudor Jones have already made large Bitcoin investments in the last year.
Goldman Sachs had changed its mind on Bitcoin investing as well as other cryptocurrencies of recent. The company has also extended its human resources department to add cryptocurrency experts, while also creating guidance to the coexistence of gold and Bitcoin as macro hedges.
If you are interested in buying and selling Bitcoin, then you can head over to BC Bitcoin and register an account with us to start investing today.
If you want to know how to trade Bitcoin before signing up, you can find more information on trading crypto on our ‘Coin Trading’ guide.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards