Goldman Sachs: Bitcoin will get close to $8000

Sheba Jafari, Goldman Sachs technical head provided clients of company with new Bitcoin price forecast
07 November 2017   1246

Sheba Jafari, Goldman Sachs technical head informed the clients of the bank that bitcoin will attempt to take a mark of $ 8000. This is reported by the Business Insider.

It exceeded an equality target from the July low at 6,044. This break indicated potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to watch for signs of a consolidation.
 

Sheba Jafari

Technical head, Goldman Sachs

Goldman Sachs graph
Goldman Sachs graph

Bitcoin Price

At the moment of press, average Bitcoin price is $7242.07. 

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin reached another all time high ($7592) yesterday, on Monday 6.11.2017. 

We Aren't Going to Launch Crypto Desk, - Goldman Sachs

This was said by company's CEO during a meeting of the US House of Representatives devoted to issues of accountability and trust in financial institutions
12 April 2019   250

The CEO of the investment bank Goldman Sachs, David Solomon, during a meeting of the US House of Representatives, said that his company did not plan to launch a platform for trading cryptocurrencies. This is reported by The Block.

Referring to the publication of Bloomberg in December 2017, Solomon stressed that the company had never had plans to launch such a trading platform. According to him, the publication incorrectly interpreted the information from Goldman Sachs:

First, that Bloomberg article was not correct. Like others, we are watching and doing work to try and understand the cryptocurrency market as it develops. We have some clients that have certain functionality that we’ve engaged with on clearing physically settled futures, but other than that we never had plans to open a cryptocurrency desk.
 

David Solomon

CEO, Goldman Sachs

When asked about the likelihood of launching cryptocurrency products in the future, Solomon answered rather evasively:

We might at some point [explore a desk] in time, but no question when dealing with cryptocurrency it’s a new area, there are a lots of issues…unclear from regulatory perspective and it’s not clear in the long-run if those currencies will be viable.
 

David Solomon

CEO, Goldman Sachs

The meeting, at which Solomon spoke, was generally devoted to issues of accountability and the problems of citizens' trust in financial institutions. The meeting was attended by the heads of the seven largest US banks.