Berlinski serves on the board of directors for Victory Capital, Russell Investments, Venerable Holdings (HoldCo), Transact, Osaic (f/k/a Advisor Group), DMG Bancshares, Ministry Brands, CAIS, SEIA, and EverBank (f/k/a TIAA Bank). He received a BA in engineering from California State University, Northridge, in 1978 and an MBA from the Wharton School of the University of Pennsylvania in 1980. Berlinski was also a member of the Operating Committee and the Compensation Committee during his time at the firm. Berlinski has led or executed over 250 transactions in financial services across all subsectors, including numerous strategic acquisitions by Goldman Sachs itself. Berlinski had global responsibility for coverage of the firm’s financial sponsor and hedge fund clients, overseeing a dramatic increase in revenue from the business and working alongside Goldman Sachs’ Merchant Banking team on co-investment opportunities in transactions involving the firm’s clients. For the final 10 years of his Goldman Sachs tenure, Mr. He also served as Head of Strategy and Corporate Development in the period after Goldman Sachs’ IPO, assisting the Executive Office and division leaders to create and execute a strategy to build out Goldman Sachs’ global footprint. To access all the premium posts we put out you simply have to be willing to trade $5.00/month.Milton Berlinski co-founded Reverence Capital in June 2013 after concluding a 26-year career at Goldman Sachs, which he joined in 1986 and where he served as a founding member of the Financial Institutions Group in Investment Banking, focusing on banks, consumer and commercial finance companies, asset management, insurance and capital markets.

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Let’s get into what this all means kings. Michael Saylor just bought MORE Bitcoin, Bulge Bracket banks are setting up infrastructure, and regulatory clarity might emerge from this vicious sell off.

There may be some hints at when we see another pump. Let’s take a look at the current situation, why prices are currently dropping, and how big institutions fit into the picture. If you have money in crypto you’re probably wondering where we go next in terms of asset prices and adoption. The ball keeps accelerating despite this recent sell off. This is genuine interest and exploration of protocols, balance sheet strategies, and entire new infrastructures being built for market making, lending, trading, and investing. I have heard it and it’s not the usual “AdopTioN” hopium that bitcoin maxis mention every other month. There’s been a murmur circling through corporate and institutional circles about blockchain and crypto. The recent deleveraging and purge of crypto markets has revealed prey and predators quite clearly. The merging and interactions of these two groups are what will propel massive mind-boggling growth in the space in the coming years. I’ve continued to see dozens of headlines that involve both traditional finance institutions as well as their fast paced wild west brethren in the crypto world. Always respect the crypto markets, they will humble you quickly, it’s not a matter of if, it’s when for every person in crypto. We are watching a real time purge of over exposed and over leveraged crypto shops who pulled an Icarus and flew too close to the sun. We may very well see this play out directly in the market today with a price dump as assets en masse are sold. This morning Bitcoin has dropped below $20K again and Three Arrows Capital was ordered by a court in British Virgin Islands to liquidate assets. When the tide went out and the fed stopped printing money - many were caught naked. What we witnessed recently was a historic sell off that had a wide reaching and still unsettled contagion effect on those employing leverage in the crypto eco system. Far cries from where these blue chip crypto assets once traded only months ago. We can always drop a post on $MATIC at a later date.Īt the time I am writing this Bitcoin is at $19,971 and Ethereum is sitting at roughly $1,100. Hope everyone is having a solid week - originally we were going to do a post on $MATIC and some of the other alt plays that I like at these levels for longer term holds but I thought of a topic to cover that would be much more valuable.

Arbitrage andy capital markets analyst