40% of Goldman Sachs Clients Reported Exposure to Crypto: Survey

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 to $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.

Read more: Gold and Bitcoin Won’t ‘Cannibalize’ Each Other: Goldman Sachs Analysts