In a Q&A sent to clients, Goldman Sachs Group acknowledged the need for institutional investors to pay attention to the cryptocurrency markets. With the aggregate crypto market cap exceeding $120b and options coming soon, Goldman sees the emergence of a new asset class.
Q&A to customers doesn’t address whether to buy digital assets Goldman Sachs Group Inc. is acknowledging that it’s getting harder for institutional investors to ignore the cryptocurrency market with total assets ballooning to $120 billion and bitcoin soaring more than 200 percent this year. “Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” analysts including Robert Boroujerdi and Jessica Binder Graham wrote in a Q&A sent to clients. #lazy-img-316469438:before{padding-top:53.75%;}
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