Bitcoin is now a asset class for Goldman Sachs
“Bitcoin is now considered an investable asset.” stated Mathew McDermott, Goldman Sachs’ global head of digital assets.
According to McDermott, regulations of the crypto space looms as a significant risk to further price appreciation.
According to the head of digital asset, “a key concern is the inconsistency regulatory action around the globe that impede the further development of the crypto space”. However, regardless of the risk, institutional clients are keen on adding some form of cryptocurrency exposure to their portfolios.