Investment banking giant Goldman Sachs finds that investors continue to be optimistic about the crypto market.
Goldman Sachs Group, Inc. is the world’s leading investment bank, securities, and investment management providing a wide range of financial services to a substantial and diverse client base that includes corporations, financial institutions, governments, and individuals core.
A survey from investment banking giant Goldman Sachs of 172 of its clients about their attitudes towards cryptocurrencies. 60% of those surveyed said they expect to increase their coin/token holdings in the next one to two years.
Among those expressing enthusiasm for cryptocurrencies, 32% say they plan to “significantly increase” their crypto holdings into top coins and hold them for the long term.
Meanwhile, 51% of their customers said they were exposed to cryptocurrencies, compared with 40% over the same period last year. Around 55% can allocate up to 5% of total assets to cryptocurrencies.
Kalu Aja serves as the fund’s chief financial officer and is also the writer of numerous business blogs and magazines, including BusinessDay and Nairametrics Newspaper. He thinks this is very positive for BTC and crypto.
Goldman Sachs’ Digital Asset Client Survey also indicates that “institutional investors are starting to pay more attention to DeFi, Altcoins, and NFTs.”
“Survey shows 15% of respondents are interested in altcoins, 14% for Defi tokens and 9% for NFTs”
The survey comes after Goldman Sachs conducted the first OTC crypto exchange in the US earlier in the week. Previously, the bank also connected its customers with Galaxy Digital’s ETH fund along with actively investing in the Crypto market.
Recently, the homepage of Goldman Sachs has the following content:
“From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies.”
Goldman Sachs has come a long way from negative to positive for Bitcoin, as in 2020, they say, “We do not recommend bitcoin on a strategic or tactical basis for a portfolio.” So far, the bank has also made more aggressive changes to BTC to help investors in the crypto space experience exponential growth.