Goldman Sachs customers earnestly are interested in cryptocurrencies!
Matt McDermott, head of digital assets for Goldman Sachs’ worldwide market division, reported that the company would support CME Bitcoin futures. The director also said that Goldman Sachs would offer crypto services with negotiated futures contracts within the podcast gone by Matt McDermott. It’s expressed Goldman Sachs’ crypto stage would at first be limited to these two items, adding:
“We have seen no signs of that abating. And when we talk about institutional demand, we talk about the whole cross-section of the industry sectors… And when I talk about the broad spectrum, I’m referring to hedge funds, to asset managers, to macro funds, to banks, to corporate treasurers, insurance, and pension funds.”
Goldman Sachs’ support for cryptocurrencies could be a reaction to its clients’ developing request, agreeing to McDermott. The manager said 40% of Goldman Sachs Investors are investing in cryptocurrencies, citing a study of approximately 300 clients. Moreover, the manager said that 61% of Goldman Sachs clients overviewed anticipate digital clinics to gain further value. McDermott clarified that 76% of the respondents consider Bitcoin to have a cost tag of $ 40,000 to $ 100,000 by the end of 2021.