Goldman Sachs Predicts Colossal Growth In The Use Of Digital Currencies

According to John WALDRON, Chief Operating Officer of Goldman Sachs, customer demand for cryptocurrency is growing. He is confident that the pandemic has significantly accelerated the pace of cryptocurrency adoption and more digital trading is now expected.

Goldman Sachs is currently in talks with regulators and central banks around the world on how to approach the emerging asset class. Earlier this week, Goldman Sachs began trading bitcoin futures after reopening its crypto trading desk. The banking institution is looking into an exchange-traded fund (ETF) associated with bitcoins and is also planning to offer cryptocurrency custody.

However, veteran trader Peter BRANDT recently sounded sobering, saying that a bank's entry into any market is usually a bad omen.

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