Bitcoin, Cryptocurrency And Blockchain News

More and More of Wall Street Is Entering the Cryptocurrency Market- Maybe They Know Something We Don’t

Goldman Sachs, Tom Lee and Soros Fund Management


Big Wall Street Names Entering the Crypto Space

More and more of Wall Street’s popular names have either entered or are preparing to enter the markets for cryptocurrencies. From Goldman Sachs (GS) executives joining the crypto-space to Fundstrat’s CEO Thomas Lee actively commenting on Bitcoin (BTC) and the cryptocurrency market, Wall Street names are now getting more common in the crypto business.

Goldman Sachs Execs 

The latest to join is Richard Kim who has joined Mike Novogratz’s crypto merchant bank, Galaxy Digital. Kim has formerly served as the executive director in Goldman Sachs’ London office. Previously, Luka Jankovic, another Goldman Sachs executive had left the investment bank to join Galaxy Digital. Another Goldman Sachs exec to join the crypto space is Michael Bucella who joined BlockTower Capital in January this year. James Radecki is another example; he previously worked in investment banking and now works with cryptocurrencies trader – Cumberland Mining.

Fundstrat’s Thomas Lee on Bitcoin

Widely known for being a Wall Street Bitcoin bull, Thomas J. Lee – co-founder of Fundstrat – is active with his commentary and investment advice on Bitcoin (BTC) and the crypto space in general. His latest advice to HODL Bitcoin (BTC) till after taxes suggests crypto investors hold onto their crypto assets till after the US tax date of April 16th as he expects the markets to recover from there. Lee expects Bitcoin to hit $91,000 in 2020.

Wall Street investment firms aren’t too shy about the crypto space either.


Venrock, the venture capital arm of the Rockefeller Foundation, has signed a strategic partnership deal with Coinfund, a Brooklyn-based cryptocurrency investment fund. Venrock sports a track record of investing in groundbreaking tech companies such as Intel (INTC) and Apple (AAPL). CoinFund LLC holds a diverse portfolio of digital assets, including Youtube and Facebook rival – the Props Project.

Soros Fund Management

Adam Fisher head of macro investing for George Soros’ Soros Fund Management has reportedly received an internal approval to venture into the cryptocurrency space as well.


The Rothschild Investment Corporation invested in Grayscale Investment’s Bitcoin Investment Trust (GBTC) in June 2017, according to their 13-F filing with the SEC. The investment company had invested bought 539 units of the Bitcoin Trust Fund (GBTC), valued at $120,000. However, their latest 13-F filing (filed on January 23rd 2018) seems to indicate an exit from that position.

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