Matthew McDermott, head of Goldman Sachs’ digital asset bank, said there is a demand for bitcoin among the bank’s asset managers.
According to McDermott, interest in digital assets exists both among hedge funds and among the bank’s wealthy clients. This was found out as a result of a special study conducted by Goldman Sachs.
“The team interviewed over 300 clients. I’m talking about a wide range of clients, including hedge funds, asset managers, macro funds, banks, corporate fund managers, insurance and pension funds, “the head of the bank for digital assets emphasized.
McDermott noted that earlier the asset management division of Goldman Sachs had a negative attitude towards cryptocurrencies, but recently the attitude towards bitcoin has changed significantly.
“You know, we see a constant interest in cryptocurrencies both within Goldman Sachs and among other private banks. We see huge institutional demand and how cryptocurrencies are affecting the realm of wealth management, ”said McDermott.
Corporate capital is also showing an interest in cryptocurrencies – an excellent hedging asset in the face of negative refinancing rates and “general fears of devaluation.”
McDermott also confirmed the information that the bank will again launch a cryptocurrency trading platform. The platform will provide the ability to trade bitcoin futures and non-deliverable forwards, so no actual delivery of cryptocurrencies is planned.
The Goldman Sachs customer survey also showed that 22% of respondents expect the price of BTC to rise above $ 100,000 within a year.
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