Goldman Sachs Is Definitely Not Not Staffing Up A Crypto Desk

David Solomon's hipster eden at 200 West Street is coming into clearer focus.
Author:
Updated:
Original:

First they anoint an EDM DJ as the next CEO, and now this...

GoldmanBros

Goldman Sachs has hired a crypto trader to help it navigate client interest in trading bitcoin and other crypto assets.
Justin Schmidt joined the investment banking giant’s securities division last week as vp and head of digital asset markets. He was previously a senior vp at Seven Eight Capital and portfolio manager at LMR Partners before that, according to his LinkedIn profile.

This is looking like a case of "The Lloydy doth protest too much." Rumors have swirled for months that Goldman is already trading cryptos, but the denizens of 200 West Street have played coy with flirty denials. Why Goldman would feel compelled to act all flirty about not dealing in digital currencies is frankly beyond us. Just looking at the firm's trading record as of late and then juxtapose it with the enormous market for cryptos that persists despite logic and crisis. If we're Goldman and someone asks if we're into cryptos, our response is "Umm, yeah! Do you know how many rubes are buying this shit?"

So congrats to Justin Schmidt on being the new rainmaker at Goldman Sachs. And in keeping with Goldman tradition, may his least impressive child grow up to be Treasury Secretary.

Goldman Sachs has hired a crypto trader [TearSheet]

Related

GoldmanBros

Harvey Schwartz Lays Down His Knives And Abdicates The Goldman Sachs Throne To A 55-Year-Old EDM DJ

Harvey Schwartz's "retirement" gives David "DJ D-Sol" Solomon the keys to Lloyd's kingdom.

GoldmanBros

Goldman Sachs Became Obsessed With Millennials And Now David Solomon Is An EDM DJ

We hear Harvey Schwartz now spends most mornings lined up outside KITH waiting on a new sneaker release.

DJ D-SOL

Area DJ Lies To CNBC

David Solomon tells David Faber that he's focused on being COO and there's no succession timeline at Goldman Sachs.

Goldman.JustAddButter

Slumping Goldman Sachs Trading Desk Now Rallying Around The Best Dumb Motto In The History Of Finance

#JustAddButter is the kind of dumb silly shit that we want to see more of from Goldman Sachs.

Lloyd.VDay

Faced With Dimming Sex Appeal, Goldman Sachs Is Working On Its Personality

Lloyd and co are turning into Blanche Dubois with a balance sheet.