Bitcoin gains greater legitimacy as a trading vehicle as Goldman Sachs opens trading operation -
Goldman Sachs, perhaps the most storied name in finance, is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank.
In a step that is likely to lend legitimacy to virtual currencies — and create new concerns for Goldman — the bank is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin.
The founder of Ether claims that it will appreciate this year to approach parity with BTC (he said BTC $20k ETH $15k).
Who knows but the trend is definitely up. There are some big potential sellers out there. The Mt Gox coins have been sold in blocks starting Q4 last year, Bulgaria has something like $15B of BTC they seized from a darkweb market they shutdown. With Goldman entering with their clients I would expect liquidity to increase and large sellers will be more enticed to liquidate some or all of their holdings.
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