Golldman Sachs bullish on crypto15 Jan 2024 15:01
Wall Street bank Goldman Sachs predicted that the crypto assets ecosystem would see a significant rise in trading volumes in near future, amid potentially bullish signs like the approval of spot Bitcoin ETF, the Bitcoin Halving and the US Federal Reserve’s interest rate cutting measures in the year 2024.
Also Read: JP Morgan Grew Its Crypto Team By 200%,
Goldman Sachs Sees ‘Significant Uptick’
According to a Reuters report, the Wall Street giant expects a “significant uptick” in trading activity for cryptocurrencies in the next few quarters. Mathew McDermott, global head of digital assets at the bank, was quoted as saying,
“Probably within the next one to two years you will see a big significant uptick in the quantum trading on-chain, probably three to five years to really see these marketplaces at scale.”