The Wealthy are ‘Curious’ About Bitcoin But Not Ready to Invest: UBS CEO

UBS Chief Executive officer Sergio Ermotti says that wealthy investors are curious about bitcoin and other crypto assets but are not ready to make significant investments in cryptocurrency. Ermotti told Bloomberg that the exceptional year-to-date performance of bitcoin, ethereum, and other crypto assets has piqued the interest of wealthy UBS clients, but he has not noticed any “meaningful desire” among clients to actually invest in the burgeoning crypto economy.

Goldman Sachs Considering Bitcoin Trading Operation: WSJ

Investment banking giant Goldman Sachs is considering launching a dedicated bitcoin trading operation. Goldman Sachs Explores Bitcoin Trading Citing sources familiar with the matter, the Wall Street Journal reports that Goldman Sachs is in the early stages of planning an entry into the cryptocurrency markets, a move that would make it the first Wall Street behemoth to directly interact with bitcoin and other crypto assets.