Another Goldman Sachs employee has ditched Wall Street for cryptocurrency.
Richard Kim, formerly an executive at Goldman Sachs, was just hired by Galaxy Digital as their new COO.
Galaxy Digital is a digital asset merchant bank started by Mike Novogratz, who also used to work for Goldman Sachs several years prior.
You may recall hearing the name Mike Novogratz last year as he planning on launching a $500 million dollar crypto hedge fund, using mostly his own money btw.
However, he ended up delaying the launch of that fund late last year as prices had run up too far too fast for him to feel comfortable getting in.
Since that time, he has switched gears to launching a crypto merchant bank.
More ties to Goldman?
This marks the second major higher by Novogratz for his new merchant digital bank from Goldman Sachs.
Luka Jankovic was also hired on at Galaxy Digital earlier this year as well. He worked previously as a hedge-fund analyst at Goldman Sachs.
This move makes at least 3 former Goldman Sachs employees now being employed by Galaxy Digital.
Which actually make sense if Mike Novogratz achieves his goal of making Galaxy Digital the "Goldman Sachs of the crypto space."
However, Goldman hasn't only lost employees to Galaxay Digital.
BlockTower Capital also hired a former Goldman Sachs exectuive in Michael Bucella back in January.
BlockTower, ironically, was founded by Matt Goetz, who also used to work for guess who?!
Yep, that's right, Goetz was a former VP at Goldman Sachs!
It seems many in the traditional finance space are seeing the makings of something big here in the crypto space and are jumping ship in order to get involved in the very early stages.
Stay informed my friends.
Image Source:
https://coinpricetracker.com/news/goldman-sachs-launching-cryptocurrency-trading-desk/
Follow me: @jrcornel
That's super interesting! I am saving this post to read again. On a whirlwind tour of northern India at the moment. :)
good
They know where the future money is..slowly drain the smartest in to the crypto market lol
Crypto is the future!! So exciting!!
This shows the future prospects of cryptocurrency
Hopefully the rest of the world recognizes crypto by making banking at each place, I'm waiting for the change from traditional money changed into cryptocurrency.
I think that is coming, at the very least they may coexist. Creating a digital "Goldman Sachs" is a nice step in that direction.
It looks like these guys are eventually going to be one of the main gateways for big money to get into blockchains (maybe or maybe not crypto) @jrcornel
Thanks for sharing this crypto news update providing.....I appreciate your post.keep it up my dear friend....
JP Morgan also recently lost a top blockchain employee Amber Baldet as I think she is going to work on her own startup
https://www.cnbc.com/2018/04/02/jpmorgans-top-blockchain-executive-amber-baldet-to-leave-for-her-own-startup.html
Great article, thanks for sharing. I've smashed the upvote button for you!
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This news very interesting
I like it investments, I appreciate your busy..........
It's now getting more and more clear where the financial world is going. Cryptocurrencies are here to stay.
Yes, it seems the underlying framework has been getting stronger, even though the prices have been falling. Good setup to go long on.
A long struggle and a courageous step that he hopes the crypto money will soon improve
Good read @jrcornel. Crypto space is becoming a very interesting place. I can't wait to see what it looks like maybe after 2 or 3 years from now.
Goldman is almost a talent incubator nowadays. Employees that stay long enough build an impressive resume of contacts in a huge variety of fields that include government (every President appoints Goldman employees), VC, Tech and now Blockchain.
It looks like these guys are eventually going to be one of the main gateways for big money to get into blockchains (maybe or maybe not crypto).
Thanks for the great post.
Thus kind of stories bring us hope, hope that the cryptos shall rise again. Thank you for sweet information.
Touché.
I read their news sometimes and shake my head, they are trying too hard to convince themselves they still run the world.
really good news
Imagine that a prehistoric dinosaur platform that is what it is is moving on to reality. How many other's have moved over to the cashless society of the future? Look at the bit's and bob's currently going on in crypto currency markets. "They are here" Making millions a day trading all day long. So when the little people silently come in like a force that cannot be
stopped what will prevail?
Very interesting article....keep up!
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Blockchain as a technology or an idea is different from everything Goldman Sachs is working with. At the same time cryptomarket itself is similar to stockmarket. Analitics from Goldman Sachs can fit well in crypto. I'm not surprised, that so many of them want to take there chances in this new space. I'm not sure if we need them here, but it is another topic.
The crypto fiat cold war continues.
The US currency is about to see the worst inflation rates in history. People are not educated enough about this!
Your post is very good!
Now look me in the eye and Follow Me @cryptopay-blogGood