Justin Schmidt, the Goldman Sachs’ head of digital asset markets has said in an interview with Bloomberg, that the current bearish crypto market is “really healthy for the ecosystem.”
Schmidt claims that the massive speculation that has been smashed over the past several months is really healthy for the ecosystem. He also added that the bank has been looking forward to companies that are “actually providing institutional-grade products and services.”
While such a statement may be sound quite negative, it should be pointed out that Goldman is not considered in crypto community as one of the bitcoin haters. In October, according to an anonymous source, the NY-based bank had been onboarding a small number of clients to trade its bitcoin derivative product.
In addition it’s widely known, that Goldman is doing its best to support the initiatives in the sphere of blockchain technologies, but it quite pessimistic regarding cryptocurrencies though.
Recently, a former Goldman Sachs partner and founder of Galaxy Digital investment fund, Mike Novogratz said that he expect cryptocurrency to flip next year already.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.