Goldman Sachs Considering Bitcoin is Exactly How Best Wallet Is Slated to Reach $4.4bn of the Non-Custodial Market
The sentiment from the heads of Wall Street titans bodes well for the cryptocurrency economy. Goldman Sachs CEO David Solomon said the investment banking professional would evaluate cryptocurrency trades if U.S. regulations allowed the bank to do so.
“Currently, as a regulated banking institution, we are not allowed to own cryptocurrencies like Bitcoin as principal,” he told a conference. Reuters next meetingtaking place on Tuesday, December 10th.
“We advise clients on a variety of technologies and issues and will continue to do so. But currently our ability to act in these markets is extremely limited from a regulatory perspective.”
Interestingly, Goldman Sachs disclosed in its recent 13F filing with the U.S. Securities and Exchange Commission (SEC) that as of September 20, 2024, the company held 8 Bitcoin ETFs worth more than $700 million.
As a result, corporate attitudes toward cryptocurrencies finally appear to be changing. Even US President-elect Donald Trump has positioned himself as an advocate of cryptocurrencies. Launching the National Strategic Cryptocurrency Reserve is one of Trump’s promises before the 2024 election. The removal of Gary Gensler, who became a nemesis for cryptocurrency companies due to his aggressive stance on cryptocurrency regulation, is another.
Green light for Ripple stablecoin means Meme coin surges
Big news for the cryptocurrency economy keeps coming, says Ripple CEO Brad Garlinghouse recently announced Its $RLUSD stablecoin has been approved to go online by the New York Department of Financial Services. $RLUSD is pegged to the U.S. dollar at a 1:1 ratio and will be backed by a combination of U.S. dollar reserves, short-term U.S. Treasuries, and other liquid assets, similar to how Tether is backed. $RLUSD will be published on Ethereum’s XRP ledger.
All in all, the latest developments are good news for the economy, cryptocurrency holders, and companies like Best Wallet. powered by Best Wallet’s $BEST Token – Currently in pre-sale and has raised $3.34 million – Best Wallet plans to capture 40% of the crypto wallet market by the end of 2026.
Best Wallet is completely mobile-first Unmanaged application Supports thousands of cryptocurrencies including best meme coinsacross 50 major blockchains. But it’s this non-custodial aspect that sets Best Wallet apart.
While most crypto wallets are controlled by centralized companies or exchanges, Best Wallet gives users complete control over their wallets. In addition to this, there are reduced transaction fees, early pre-sales, and airdrops. It is also the first crypto wallet to use Fireblocks’ MPC-CMP wallet technology, which adds high security, zero counterparty risk, and multi-blockchain support.
All things considered, we think $BEST is worth investigating. Investors have less than two days to purchase $BEST at the current price of $0.23075 before the next price increase. However, please remember that this article does not constitute financial advice, which is always important to DYOR.
