Goldman Sachs Exec zegt dat meer institutionele investeringen de volatiliteit van Bitcoin zouden kalmeren

An executive at multinational investment bank Goldman Sachs believes an increase in the participation from institutional investors is the “key” to stabilizing nascent markets such as cryptocurrencies.

Spreken op CNBC's The Coin Rush op dinsdag, Goldman Sachs 'wereldwijde hoofd van commodities research, Jeff Currie, zei dat de cryptocurrency-markt "volwassener wordt" maar nog een weg te gaan heeft.

“Right now they’re [institutionele beleggers] small … about $700 billion dollars of money in bitcoin right now, of that roughly one percent of it is institutional money,” said Currie.

Currie, who is the global head of commodities and research, also said bitcoin is a defensive asset similar to gold. He raised gold’s $3 trillion market, saying some of that money could be allocated to cryptocurrency.

“Right now all of the cryptocurrencies have about a trillion [dollars], let’s say it grows to $2 biljoen, then you just do the simple math – how many coins are out there divided by that, and you can end up with a fair value.”

That valuation assessment could help provide a long-term equilibrium, but the in and outflows of money in bitcoin create a lot of volatility and a lot of uncertainty that made it difficult to forecast, Currie said.

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Bron: Coindesk

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