Goldman Sachs’ interest in cryptocurrency has grown in recent years, and current patterns indicate that it is not going down anytime soon. The investment banking business recently conducted a survey to better understand how its customers engage with the crypto market, and the results indicated that institutional investors remain quite positive on the industry.
2021 was a significant year for cryptocurrencies, not just in terms of rising prices, but also in terms of the number of institutional investors seeking exposure to the market. Firms like Goldman Sachs responded by offering ways for its customers to obtain some exposure to the market, albeit indirectly. However, it seems that these customers are remaining unknown as they seek to extend their exposure to cryptocurrency.
According to the Goldman Sachs poll, 51% of all of the firm’s clients acknowledged having some type of crypto exposure out of the 172 respondents. This was an increase from the 40% who replied in the positive last year, which was a large amount even at the time. However, this was not the most interesting conclusion of the Goldman Sachs survey.
That is the amount of customers who aim to raise their exposure in the following 1-2 years.
