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

A Goldman Sachs client survey on digital assets found that 40% of clients have exposure to cryptocurrencies.

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 and $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.
Goldman Sachs Digital Assets Survey, 2021
Goldman Sachs Digital Assets Survey, 2021
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Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.

Tanzeel Akhtar