Goldman Sachs Mentions Crypto For The First Time

Can’t Be Ignored Anymore

While Wall Street players like BlackRock and Fidelity embrace Bitcoin ETFs, Goldman Sachs notes the regulatory uncertainty that still surrounds digital assets. Still, the bank acknowledged cryptocurrencies can’t be ignored anymore, given their rapid rise in global popularity.

Source: Goldman Sachs

Although Goldman Sachs admits its competitors are indeed offering crypto-related products that it doesn’t, it has nevertheless decided to remain selective in its involvement with the sector.

A Cautious Approach

While exploring opportunities in crypto, Goldman Sachs also points to risks, such as cyberattacks, technological vulnerabilities, and market volatility.

The bank cautions that exposure to crypto or accepting digital assets as collateral could pose financial risks, maintaining a careful approach to the space.