Goldman Sachs executive Matthew McDermott claims that retail traders are leading the current crypto market rally. He noted that institutional involvement is still in its early stages.
Institutional Interest Grows
Goldman Sachs established a crypto trading team in 2021 and continues to expand its capabilities. McDermott observed a significant increase in client interest and trading volumes.
Bankruptcy Opportunities
The investment firm is exploring investment opportunities in the digital asset space, including bankruptcy claims.
Tokenization of Real-World Assets
McDermott expressed optimism about the tokenization of real-world assets. He anticipates increased tokenization of various asset classes in the future.
Bitcoin’s Price Surge
Bitcoin is currently trading at $67,906, up over 8% in the past 24 hours. It recently reached an all-time high of $73,738.
