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Strategies & Market Trends : Blockchain and Cryptocurrencies

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From: chowder	3/6/2021 3:58:13 PM
	2 Recommendations Recommended By BasketballJ iastagfar Read Replies (1) of 7593

The vast majority of Goldman Sachs GS -0.6%’ clients are bullish on cryptocurrencies. The investment banking giant has posted the results of a client survey finding that 61% of respondents expect their digital asset holdings to increase in the next 12-24 months. 40% of respondents already have exposure to cryptocurrencies. Notably, 57% of Goldman Sachs’ surveyed clients believe the most important factor that drove bitcoin’s price action was “institutional investing or offering of additional products.” According to bitcointreasuries.org, a site that tracks bitcoin purchases by various types of companies, 22 publicly listed enterprises currently hold more than $7 billion worth of bitcoin. On March 1, MicroStrategy’s MSTR -3.9% bitcoin holdings reached a total of $4.45 billion. Second largest cryptocurrency holder is Tesla TSLA -3.8%, which bought $1.5 billion in cryptocurrency in February. Additionally, PayPal’s 300 million retail customers have gained exposure to bitcoin last October. forbes.com

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