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Goldman Sachs say's you cannot ignore Cryptocurrencies anymore.

Mainstream financial institutions such as Goldman Sachs are finally beginning to realize what forward-thinking venture capitalists have known for years: investors need to pay attention to the cryptocurrency ecosystem.

A few months ago, Goldman’s hedge fund clients asked the bank to begin providing analysis on bitcoin investments. In July, chief technical analyst Sheba Jafari accurately predicted that the bitcoin price would pull back to about $1,850 before setting a new record during its current wave; she forecasts it could extend as far as $3,915 before the wave is over.

Now, Goldman Sachs is counseling institutional investors to give cryptocurrency a closer look. In a note distributed this week, Goldman analyst Robert D. Boroujerdi advised portfolio managers that with the total cryptocurrency market cap reaching record levels, investments in this space are getting harder to ignore:

With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.

The Goldman Sachs team notes that initial coin offering investments–which are approaching $2 billion in 2017 alone–have exceeded angel and seed funding during the past few months.”

Mainstream financiers have begun to view ICOs as digital gold mines and have abandoned lucrative posts to stake their claims. Boroujerdi says that whether or not one believes cryptocurrencies have merit, “real dollars are at work” in the cryptocurrency space and warrant attention from investors.

Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are) real dollars are at work here and warrant watching especially in light of the growing world of initial coin offerings (ICOs) and fundraising that now exceeds Internet Angel and Seed investing.

One hurdle institutional investors must overcome is the uncertain regulatory environment. Until recently, ICOs have been largely unregulated. The U.S. Securities and Exchange Commission (SEC) recently issued a ruling suggesting that some ICO tokens are “securities” and thus subject to federal securities laws. It is unclear how soon and to what extent the SEC will begin enforcing securities laws, but Adam Draper of Boost VC advised developers to avoid using language like “DAO” and “ICO” because the use of such terms virtually guarantees attention from the SEC.


Last modified on August 14, 2017
JAVC Enterprise

Headquartered in Margate, Florida, JAVC Enterprise Corp (JAVC) is the creator of the Java Coin, a cryptocurrency (a form of digital money). While maintaining privacy of customers, JAVC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, maintain all record keeping efforts, protect coins from theft, maintain liquidity and stabilize value of the cryptocurrency.

Website: www.javcenterprisecorp.com/