Goldman Sachs starts crypto service due to high client need

by in Cryptocurrency News

Goldman Sachs

The management of the American investment bank Goldman Sachs is going to launch its service for operations with cryptocurrencies due to a sharp increase in customer interest in bitcoin and other assets. Matt McDermott, head of the bank's digital assets division, told reporters about this.

Recall that last week it became known about the intention of Goldman Sachs in March this year to provide a service for working with bitcoin. In particular, we are talking about the launch of cryptocurrency derivatives.

McDermott stressed that the bank recently interviewed its customers and found that 40% of them already use digital currencies.

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Almost 300 investors who are clients of Goldman Sachs participated in this survey.

76% of respondents are optimistic about the prospects for bitcoin. This category of respondents believes that in 2021 BTC will be trading in the range of $ 40,000 to $ 100,000.

The top manager also noted that if in 2017 retail traders mainly entered the crypto market, now it is mainly institutional investors who go there.