Goldman Sachs, a leading global investment banking firm, has projected a substantial surge in trading volumes of blockchain-based assets in the next one or two years, with significant market growth anticipated in three to five years, according to an interview with Reuters. This forecast, as revealed in a recent Reuters interview with Mathew McDermott, the bank’s global head of digital assets, aligns with the growing interest in digital assets and blockchain technology observed across the financial sector.
Goldman Sachs’ enthusiasm for blockchain extends beyond traditional cryptocurrencies like Bitcoin, which has already seen a 50% rise in value this quarter. McDermott emphasized the firm’s interest in developing digital assets that represent traditional assets such as bonds, marking a shift towards diversifying blockchain applications. This approach reflects a broader trend in the banking sector, where institutions are exploring…
