Even though they crushed their numbers today doubling the earning per share that was expected Goldman Sachs now see where it can make even more money. The bank acted like all banks when it came to crypto and chalked it up to a fad or something that would not be worthy of getting into. Oh how times have changed though as the tech is obviously a big enough money maker that they are "investigating" getting invovled.

While the true nature of what they are going to do in the cryptosphere has not been revealed yet rumor has it that it will be digital asset custody. While this has a good market still and plenty of money can be made it does not appear that they will be an active broker or exchange in crypto. I would assume this would be due to regulatory uncertainty in the US. Custody has a pretty solid set of parameters and is more developed than other aspects of the crypto sphere. I would not be surprised though if they jump into funds and follow Grayscales lead with that. By holding the assets for their customers they will be a lot more protected than exchanges. 

I wonder if this is going to lead a huge rush of financial institutions getting involved with crypto more. It was not long ago that JP Morgan Chase actually sold off there blockchain segment so I wonder if they will try to partner up to whoever they sold it to. Institutional investing is really driving this sucker right now and keeping it at levels I figured would take many more months to reach!

Stay safe out there everyone! If you would like to further support me my referral links for the Coinbase Earns of Compound (COMP), Stellar Lumens (XLM), Orchid (OXT), Band Protocol (BAND), and EOS (EOS) are down below. Thank you for reading this and for all of the support yall have shown me! 

Compound (COMP)

Stellar Lumens (XLM)

Orchid (OXT)

Band Protocol (BAND)

EOS (EOS)