Survey finds 60% of Goldman Sachs clients plan to increase crypto investments

Sixty percent of institutional clients of Goldman Sachs surveyed expect to increase their holdings in digital assets over the next two years, with a third of them planning to do so ‘significantly’. The results were reported by the investment bank following the survey, The Block reports.

The survey included 172 respondents.

Over the year, the share of respondents who diversified their portfolios with cryptocurrencies rose from 40% to 51%.

Fifty-five percent of respondents are willing to consider allocating 5% of their capital to buying digital assets. Besides Bitcoin and Ethereum (each accounting for 22% of responses in both cases), clients are interested in altcoins (15%), DeFi tokens (14%), and NFTs (9%).

Earlier in 2021, Goldman Sachs offered clients trading in futures and options on Bitcoin and Ethereum. The bank also launched non-deliverable forwards on the first cryptocurrency with fiat settlement.

Earlier, Goldman Sachs and Galaxy Digital conducted an OTC trade with a cash-settled option on Bitcoin.

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