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Goldman Readies Bitcoin Trading Desk While Kolanovic Marvels At Volatility ‘Unlike Anything We’ve Seen’
I certainly hope you weren't surprised on Thursday afternoon when you learned that Goldman is in fact moving ahead with plans to establish a digital currency trading desk.
For one thing, this was tipped by the Wall Street Journal in early October, although Lloyd Blankfein subsequently attempted to throw cold (or at least "cool") water on it a day later using his official Twitter account.
Since then, Blankfein has flip-flopped on Bitcoin, although I'm sure he would contend that his position h
maybe they can make a VIX-like derivative contract in bitcoin volatility. maybe they can make a CDO squared and get it AAA-rated by ratings agencies. Lots of fees for everyone!