29 Mar 2022
Goldman Sachs: Institutional interest in crypto sees strong growth
Goldman Sachs reveals growing crypto adoption among institutions as a recent survey showed that more than half of the surveyed institutions currently have exposure to crypto, up from 40% last year.
The institutional crypto adoption is growing, according to a new survey published by Goldman Sachs. Of the surveyed Goldman clients, 51% indicated that they had crypto exposure, up from 40% last year. Further, of the 172 surveyed clients, 60% responded that they expect to increase their digital asset holdings in the next one to two years.
In addition to this crypto survey, Goldman Sachs has been actively involved in crypto in recent weeks. Their website is now extensively focused on digital assets. Last week the bank announced that they had conducted the first ever non-deliverable option trade in crypto with Galaxy Digital.The growing client demand, alongside the recent news flow from Goldman, shows that we should expect further institutional adoption in the future and increased financialization of bitcoin through financial instruments commonly used in traditional financial markets.