Goldman Exec Dumps Wall Street For Crypto World


Bitcoin's march to near $20,000 last year has attracted Wall Street traders and hedge funds to the space. Early cryptocurrency investor Mike Novogratz has hired Richard Kim from Goldman Sachs as the new COO of his crypto merchant bank Galaxy Digital. Kim is the latest of a handful of Goldman Sachs executives to leave Wall Street for crypto start-ups. "Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz said on CNBC's "Fast Money." "Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well."

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