Goldman Sachs Sees More Institutions Diving Into Crypto — Says Bitcoin ETFs Prom

[sirty143]

Goldman Sachs Sees More Institutions Diving Into Crypto — Says Bitcoin ETFs Prompt a 'Psychological Shift'

Goldman Sachs is seeing more institutions diving into crypto, the global investment bank’s head of digital assets has revealed, noting that until now the bitcoin price action has been driven primarily by retail investors... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

Of course, they will be diving big time to cryptocurrency as they are seeing that big potential to create more profits in here. Just like greedy sharks, they can smell blood even from afar and with cryptocurrency it is happening right within their noses. And this can be a big validation to the crypto industry most especially top digital assets like Bitcoin and Ethereum where we already have the ETFs for the former and maybe coming for the latter. When clients of big financial institutions are demanding to have a slice of the profits, they have no choice but to listen to them and so they are making ways to be a part of the action in one way or another. Years from now, we can then evaluate if the presence of these new whales is doing the crypto industry good or they are just like a big nuisance you can't take away anymore.

[Zed0X]

~ noting that until now the bitcoin price action has been driven primarily by retail investors...

I thought there were more institutional money that's pushing the price. If this statement is true, then six digits is easily achievable. The only question now is what would be the number? Whatever that is, this is good for traders looking to profit in this cycle.

I'm also speculating that these opinions are meant to encourage more retail investors (newbies) to start buying, then these institutions will start unloading.

[joniboini]

Years from now, we can then evaluate if the presence of these new whales is doing the crypto industry good or they are just like a big nuisance you can't take away anymore.

If institutions keep coming to crypto, then we will become another gold or silver in their hands. At the very least, they will influence the price in more tangible ways, even if retail keeps coming to the market. On the other hand, I doubt it will affect the network directly unless they start moving to launching their own mining operation. Even if it did happen, the hash rate distribution wouldn't centralize around the institution that much imo. If the worst happens, we will see a fork or something similar. Crypto is a good source of income for them anyway, I doubt they will willingly let it die soon.

[Gurujebs]

Goldman Sachs is seeing more institutions diving into crypto, the global investment bank’s head of digital assets has revealed, noting that until now the bitcoin price action has been driven primarily by retail investors... See more for yourself here.

Your opinion is greatly appreciated.

Everyone becomes a crypto expert as soon as they see green candle popping up everywhere but sometimes I just think that lowkey, people that are not crypto enthusiast from the beginning all of sudden develop interest in it, there is high tendency of them having money in some of this crypto but because they don't want to become controversial because of their position in governments, they wouldn't say anything but would be beating round the bush.

Right now, we have more of institutional investors on the market but they can't just open their mouth and say they are in unless when market crash and the way crypto market has mature, they seems to be the people that now control this market because of their investment, they will protect it and wouldn't let it down.