The Impact of the Crypto Market Explosion Viewed by Goldman Sachs. From the "Token2049" seminar in Dubai: Matthew McDermott – the CEO of Digital Assets at the global investment giant Goldman Sachs confirmed that: "Regulatory clarity is the golden gateway for major institutional investments in crypto" which will lead to trillions of dollars being injected by major companies and banks into the world of digital currencies.
3 reasons why this step is a "turning point" in the market:
1️⃣ Clear regulations = Institutional trust:
- When regulatory rules become transparent (especially in the United States), it will unleash massive investments in crypto infrastructure, increasing liquidity and reducing volatility.
2️⃣ Stablecoins Bill:
- New laws being prepared may allow banks to easily adopt stablecoins, leading to wider adoption of digital payments and central banks shifting towards embracing blockchain technology.
3️⃣ Tokenization is the future:
- Goldman Sachs is now focusing on converting traditional assets (such as money market funds) into digital assets that can be traded 24/7.
What is Goldman Sachs doing today in crypto?
- Trading derivatives and options.
- Massive investments in blockchain infrastructure projects.
- Developing a Digital Asset Platform to unify traditional and digital assets.