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Investing Crypto and Equity Schemes? Perspectives of Former Goldman Sachs Heads

Amid global equity sell-off, the investment banking giant, Goldman Sachs has consistently been constructive on crypto-industry, they saw Bitcoin as "Broadly Heavy. Christopher Matta, a former vice president of investment management division at Goldman Sachs, reckoned BTCUSD to hit $15,000 mark in the future. Apart from that, there were lingering news of Goldman Sachs contemplating an idea of rendering custodian services for the cryptocurrencies. 

Year-2018 has been an otherwise horrifying year for the cryptocurrency world and its associated digital assets.

Goldman Sachs’ Peter Oppenheimer told to CNBC about the U.S. economy that will not head into a recession in the next two years despite the threats in the market that one may be on the horizon. Oppenheimer, the chief global equity strategist at Goldman, expects the U.S. economy to grow but at a much slower pace of 1.6 percent by 2020. Equity markets are selling off for several reasons, he said, citing global trade worries, fears of weak profit growth in the next few years and rising interest rates.

But for now, Greg Tusar, who was the former head of electronic trading at the Goldman Sachs Group, has had a great deal of optimism in the gamut of cryptocurrencies.

Tusar explainedthat“it's as if we're undergoing the early days of the electronic equities trading world”.The CTO and Co-founder of Tagomi Holdingsgave his insights into the crypto market.“While it is in its relatively early stages, there's a wealth of opportunities in order to build some truly unique and exceptional businesses which can have an impact.”

Acclaimed as the pioneer for the live electronic-based trading brokers which renders high-end services, Tagomi has been conducting client trades. While Tusar, in conjunction with his fellow co-founders, Marc Bhargava, who serves as the company's president, and the current CEO, Jennifer Campbell.

As a trading platform, Tagomi offers a unique combination of liquidity across a wider number of exchanges, while also offering more in the way of trade reports and increased transparency for customers. These include hedge funds and those individuals that are of a higher net worth, according to the founder-based trio.

Tagomi Holdings was unveiled amid a breakdown in the cryptocurrency space that has seen the largest tokens shed billions in market value after surging in 2017. Bitcoin, which traded near $20,000 just a year ago, has plunged more than 75 percent to around $3,200 in the recent trading sessions. While quite a few analysts are forecasting it is likely to prolong its prevailing bearish streaks and could tumble towards $1,500 mark.

Comparatively to other investing class, the crypto-space has come under an insane degree of pressure from US regulatory bodies, which have been piling on the intensity, cracking down on the space by and large. The US Securities and Exchange Commission (SEC) has declined various attempts of Bitcoin ETF proposals by some private companies. This was due to the fact that there were serious concerns around possible price manipulations and concerns over surveillance. 

In the past, the SEC has also been involved in the prosecution and fining of companies which didn't officially register their ICOs as securities. Overall, it’s going to be a very shrewd choice between cryptocurrency and equity as the investment classes. Courtesy: bitcoinexchanguide

Currency Strength Index:FxWirePro's hourly BTC spot index is flashing at 129 levels (which is bullish), while hourly USD spot index was at -116 (bearish) while articulating at (08:28 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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