Goldman Sachs predicts dramatic rise in crypto trading by 2025

The next two years will be marked by a sharp increase in the volume of asset trading on the blockchain. At least that’s the opinion of Mathew McDermott, global head of crypto assets at Goldman Sachs. The executive explains how, since the start of 2023, the bank’s clients have demonstrated a “huge appetite” for crypto assets and for trading crypto derivatives. It was on Reuters microphone.

Goldman Sachs executive notes “huge appetite” for cryptos

As the year 2024 quickly approaches, predictions of an uptrend in crypto markets are growing. The crypto ecosystem is anticipating the approval of the bitcoin ETF, the FED interest rate cut, the bullish cycle of cryptocurrencies, the bitcoin halving, etc. Mathew McDermott, global head of crypto assets at Goldman Sachs, has just confirmed this sentiment.

In an interview with Reuters, McDermott predicted that the crypto market will see a “spectacular rise” by 2025. He cites, as indicators, the strong growth in interest among bank clients in crypto assets and crypto derivatives trading since the start of the year .

The executive also added that the SEC’s approval of the Bitcoin ETF will attract new wealthy investors to the market. However, he does not expect “a sudden and immediate increase in the price and liquidity” of cryptocurrencies. According to him, the bitcoin ETF market is still “very, very, very small”.

Mathew McDermott of Goldman Sachs predicts a significant increase in crypto asset trading by 2025

The tokenization of real assets: a reality within 3 or 5 years

Mathew McDermott confirmed that the adoption of blockchain in the financial sector could improve the efficiency, speed and security of transactions. And while he expects a “significant increase in the volume of crypto exchanges on the blockchain” in one or two years, the executive nevertheless has reservations.

For him, it will take between 3 and 5 years for the dynamics to really take hold, and even longer for most financial markets to be fully reproduced on the blockchain. He points out that large-scale tokenization of real assets will require a complete overhaul of the infrastructure that supports financial markets.

Mathew McDermott’s comments confirm that 2024 will be a particularly bullish year. Likewise, we have the impression that the cryptocurrency industry is slowly opening a new page in its history.

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