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<p><strong>Matthew McDermott</strong>, head of digital assets at an <strong>American bank</strong>, noted the growing demand for <strong>cryptocurrencies </strong>among institutional investors.</p>



<p><strong>Bitcoin </strong>has become an <strong>investment </strong>asset that is in the adoption phase, says <strong>Matthew McDermott</strong>, head of <strong>digital assets</strong> at <strong>investment </strong>bank <strong>Goldman Sachs</strong>. In a letter to Global Marco Research, he acknowledged the growing demand for <strong>cryptocurrencies </strong>among institutional <strong>investors </strong>and asset managers .</p>



<p>According to <strong>McDermott</strong>, inconsistent regulatory actions can have a negative impact on the development of the <strong>digital asset</strong> market. At the same time, <strong>cryptocurrency</strong> storage solutions have become safer.</p>



<p>Some of <strong>Goldman Sachs</strong>&#8216; clients are showing interest in <strong>cryptocurrency</strong>. In addition to <strong>Bitcoin</strong>, <strong>investment bank</strong> clients also pay attention to <strong>Ethereum</strong>, said a top manager.</p>



<p>According to him, <strong>Goldman Sachs</strong> will offer corporate clients access to <strong>cryptocurrency </strong>through a fund or structured products.</p>



<p>In early May, <strong>Goldman Sachs</strong> was the first among the largest US <strong>investment banks</strong> to create a <strong>cryptocurrency trading</strong> department. The new department has already successfully traded two types of <strong>bitcoin</strong>-related derivatives.</p>



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