Earlier today we wrote about the Barclays bank looking into opening a crypto desk. It seems that we can’t finish one story before another one comes in. Big boys of the financial world are definitely looking to go crypto.
Things are happening folks. Blockchain.com (a popular cryptocurrency wallet) has hired former Goldman Sachs executive Breanne Madigan. CNBC reported that Madigan will be the head of institutional sales and strategy.
Madigan worked as the head of institutional wealth services. Her department managed a total of $1.49 trillion worth of assets.
Blockchain’s CEO, Peter Smith, said that “Breanne has a proven track record of adding value to her teams and her clients,” he also added:
“As Blockchain continues to grow its institutional presence, I can think of no one better to help scale our business.”
A trend seems to be forming now: George Soros’s Fund Management was reported to start trading in crypto soon. Rockefeller’s venture capital arm entered into a partnership with crypto investment group to support crypto and Blockchain. It seems that Tim Draper’s prediction about Bitcoin hitting $250k by 2022 may be correct. Is this the “increased flow of the institutionalised money into crypto sphere” CNBC’s Brian Kelly spoke of?
Do you think that financial giants will all eventually go crypto? Let us know in the comments below!