Crypto poaches another Goldman Sachs employee
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!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Thus kind of stories bring us hope, hope that the cryptos shall rise again. Thank you for sweet information.