Connect with us

Hi, what are you looking for?

Crypto News

Investment Banking Giant Goldman Sachs Suggests That Investors Continue To Be Bullish About Crypto. 

A survey obtained by The Block from investment banking giant Goldman Sachs suggests that investors continue to be bullish about crypto. 

The New York-based bank, which operates a digital assets desk, surveyed 172 clients on their attitudes towards digital assets. 60% of those surveyed expect to increase their digital asset holdings in the next one to two years.

Of those expressing enthusiasm about crypto, 32% said that they expected to “significantly increase” their crypto holdings. 

Meanwhile, 51% of its clients reported exposure to crypto, compared to 40% from the previous year. About 55% could allocate up to 5% of total assets to crypto, according to the survey. 

DeFi, altcoins in focus 

The Goldman Sachs digital asset client survey also indicated that institutional investors are warming up to DeFi, altcoins and NFTs.

Whilst BTC and ETH continued to show strong interest — 22% each — 15% of respondents took an interest in altcoins, 14% in DeFi token exposure, and 9% in NFTs. Previously, a mere 16% took interest in coins other than the holy trinity of BTC, ETH, and stablecoins. 

The news comes after the digital assets trading unit at the Wall Street firm made its first-ever over-the-counter (OTC) crypto transaction with a bitcoin non-deliverable option on Monday.  Previously, the bank has also connected its clients to Galaxy Digital’s ETH fund along with investing actively in space — for instance, it participated in crypto bank Anchorage’s $350 million Series D last year. 

Featured

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...