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The target price has become $45

According to Bloomberg on Monday, the US investment bank is now ready to launch its first derivative product on cryptocurrencies

Goldman Sachs and FTX struggle with stringent regulation that curbs the issuance of crypto-based derivative assets

The British investment platform is the subject of an injection of confidence from the banking giant and a pool of investors to the tune of $70 million

This is the first cryptocurrency trade by a major US bank

Courtesy of a Galaxy Digital regulated fund

It all depends on whether it is able to gain further share in the market of store of value assets

Damien Courvalin, managing director of the bank, says BTC is a valuable asset 

If the correlation with inflation holds, the bullrun could resume given the low RSI 

However, it will not be linked to tokens or cryptocurrencies, but to equities already listed on the stock exchange