• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Goldman Sachs Loses Another High Level Exec to Crypto

newsbtc by newsbtc
3 years ago
in Uncategorized
Reading Time: 2min read
goldman sachs tower
Advertisement
Listen to Article

The trend of high-level executives leaving wall street for the cryptocurrency market continues as Mike Novogratz has lured former Goldman Sachs executive Richard Kim to become chief operating officer at his merchant bank, Galaxy Digital, according to CNBC.

Execs Continue to Walk Away From Wall Street

Kim, who’s professional profile on LinkedIn states that he was formerly an executive director of the bank’s London office, is the latest of a number of Goldman Sachs high profile executives to leave the firm in order to join cryptocurrency startups.

Other former Goldman top-level executives who have come to work in the emerging digital assets market include one-time managing director at the bank, James Radecki, who left in 2016 and now acts as global head of business development for Cumberland Mining, a major trader of cryptocurrency.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Former Goldman vice president Matt Goetz left the firm to found BlockTower Capital last year and was able to recruit Michael Bucella away from the bank to join him at his new venture in January.

Bitcoin’s rise to nearly $20,000 in late 2017 created such an attractive market for institutional investors that despite the lows of the entire cryptocurrency market thus far in 2018 the number of crypto funds have continued to rise. In 2016 there were a mere 19 firms handling institutional money for the crypto market, this went to 167 in 2017 and is at 245 this year, according to Autonomous Next.

Galaxy Digital has not commented on the recent hiring of Kim but Mike Novogratz, a Goldman Sachs Alumni himself, was quoted in April by the New Yorker as saying that his firm had “hired Goldman’s best guy in blockchain,”.

Novogratz Remains Bullish on Bitcoin Future

Novogratz began Galaxy Digital, which handles assets for blockchain related ventures, after leaving Fortress Investment Group in 2015 when the fund lost money. He appeared on CNBC’s “Fast Money” in November 2017 where he spoke bullishly about the future of cryptocurrency. He is quoted as saying,

“Bitcoin could be at $40,000 at the end of 2018. It easily could … Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well.”

In December, Novogratz postponed the launch of what would have been the largest digital currency fund yet created. He told CNBC “We were supposed to launch on Dec. 15, and we paused, I didn’t like the market conditions as a starting point to take other investors’ money.”

Despite the hesitation he went to say that “We are still feverishly building out a full merchant bank for crypto, i.e., I am still very bullish on the space,”.

 

Image from Shutterstock
Tags: Digital GalaxyExecutiveGoldman sachsMichael NovogratzRichard Kim
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Ethereum

Here’s the Key Demand Zone Ethereum Might Test Before Surging Higher

2 hours ago
Ethereum

Ethereum Could See an Explosive Move Higher Following Massive 20% Surge

23 hours ago
bitcoin bear trend adx

Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020

1 day ago
Bitcoin of America

Bitcoin of America is on the Rise: Expands to 600 plus ATMs

1 day ago
Bitcoin

Bitcoin Tests a Critical Resistance Following Overnight Rebound; What’s Next?

1 day ago
Finlaw Associates to Submit Draft Cryptocurrency Regulation to Indian Govt as Community Demands for Clarity, Mr. Mishra Explains

Finlaw Associates to Submit Draft Cryptocurrency Regulation to Indian Govt as Community Demands for Clarity, Mr. Mishra Explains

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

LABS Group Announced Strategic Partnership with Centifuge to Provide DeFi Collateralized Property Backed Lending

January 22, 2021

Jump-starting Crypto Adoption: Aurix IEO Scheduled for January 21st on ExMarkets!

January 22, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.