Goldman Sachs cryptocurrency adoption

It's been two weeks since Morgan Stanley announced that it will be adding Bitcoin as an eligible investment to multiple institutional funds. Since then,the race has been on,with many expecting others such as banking power house like Goldman Sachs to join the bandwagon and even go deeper into the crypto space. During an interview with CNBC's Squak box,Goldman Sachs CEO David Solomon predicted that there woulb be "a big evolution" in the digital currency space in the coming years. "This is the space that is evolving... I think there would be a big evolution as to how this evolve in the coming years." Here,it's worth noting that Solomon didnt reveal much about Goldman Sachs' ambitions with respect to Bitcoin,with the executive suggesting that the current regulatory landscape in the U.S is preventing the bank from doing so. That being said,the CEO dis make it clear that the institution is keeping a close eye cryptocurrency due to growing client demand. David Solomon made a comment saying,"there are significant regulatory restrictions around us and us acting as a principle around cryptocurrencies like Bitcoin. He added," as our clients have demanded to be involved in this space,we can continue to find ways to support our clients." According to a survey by conducted by the firm of nearly 300 clients, 40% have exposure to cryptocurrencies. Goldman Sachs CEO endorsed the fast of bitcoin globally,commenting, "I think Bitcoin is on an inevitable path to have the same market capitalization and then a even higher one than gold. It's how fast adoption is happening. Adoption is happening faster than I predicted.

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