Mathew McDermott, head of digital assets at Goldman Sachs’ global markets division, says the New York-based investment bank is witnessing huge institutional demand for Bitcoin (BTC) and the crypto markets.
In a Goldman Sachs Markets Update, McDermott reveals that institutional interest in digital assets at the Wall Street firm is accelerating among a wide array of large investors.
In terms of institutional demand, we have seen no signs of that abating. And when we talk about institutional demand we talk about the whole cross-section of the industry sectors… I’m referring to hedge funds, to asset managers, to macro funds, to banks, to corporate treasurers, insurance and pension funds. I think it’s pretty fair to say that all of that institutional client discussion is really focused around Bitcoin.”