Goldman Sachs: Bitcoin Market Become More Mature
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The Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs, Jeff Currie, believes the Bitcoin (EXANTE: Bitcoin) market is "beginning to become more mature" these days.

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In an interview with CNBC, Currie said that the current participation of institutional investors in the cryptocurrency market is relatively small as roughly 1% of smart money was invested so far.

"The key to creating some type of stability in the market is to see an increase in the participation of institutional investors and right now they are small," Currie highlighted.

As of press time, bitcoin's market cap is approximately $635 billion, while the gold's market stands at roughly $10 trillion. Currie notes assets from the financial world "need to flow into bitcoin" if the market wants stability.

However, Gary Cohn, a former President and Chief Operating Officer of Goldman Sachs, said that the largest cryptocurrency by market cap still may fail as it has no full transparency. Despite the fact that bitcoin is still a nascent asset class, it may fail, the ex-Goldman Sachs President says.

JPMorgan: Bitcoin ETF Will Challenge Grayscale's Monopoly

Meanwhile, the number of active Bitcoin addresses exceeded one million on January 8 for the first time since 2017, hitting a new all-time high. Over one million BTC addresses have been used in a single day, reflecting the growing demand for the use of cryptocurrencies in the transfer of funds.

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