A Goldman Sachs' client survey on digital assets shows positive sentiment toward the future of cryptocurrency investing.
- The survey showed that 40% of the respondents have exposure to cryptocurrencies and 54% predict the price of bitcoin will be between $40,000 and $100,000. News of the survey was first reported by The Block.
- Other key takeaways include 61% of respondents expect their digital assets to increase in the next 12 to 24 months and 32% were most interested in prime brokerage for physical or spot to gain exposure to cryptocurrencies.
- Looking ahead, 22% of respondents predict the price of bitcoin will be over $100,000 in 12 months, while 34% believe regulation and mandate permissions are the greatest hurdles to starting to allocate funds to digital assets.
- On March 1, reports emerged that Goldman Sachs is relaunching its cryptocurrency trading desk after a three-year hiatus and plans to once again support bitcoin futures trading, a source familiar with the matter confirmed to CoinDesk.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.