Increased institutional investors needed to stabilize crypto market volatility right now – Goldman Sachs

Increased institutional investors needed to stabilize crypto market volatility right now – Goldman Sachs

TL;DR Breakdown

  • Jeff Currie believes that institutional investors would help stabilize the crypto industry.
  • The numbers of institutions investing in cryptocurrency has increased since last year.

The global Head of Commodities Research at Goldman Sachs, Jeff Currie, made it known that institutional investors would play a pivotal role in stabilizing the cryptocurrency market, in an interview on CNBC’s The Coin Rush.

Currie admitted that the crypto industry is beginning to mature but still the market has a long way to go. He added that there were still only a few institutional investors currently, with only roughly one percent of BTC money being institutional money.