Advertising
News4Social English
  • News
    • National
    • Education
    • Review
    • Space
    • Environment
  • Health Trends
  • Business
  • Lifestyle
  • Travel
  • Cryptocurrency
  • Sports
  • World
No Result
View All Result
  • News
    • National
    • Education
    • Review
    • Space
    • Environment
  • Health Trends
  • Business
  • Lifestyle
  • Travel
  • Cryptocurrency
  • Sports
  • World
No Result
View All Result
News4Social English
No Result
View All Result
Advertising
Home Cryptocurrency

Goldman Sachs Exec Predict Growth For Digital Assets In 2024

December 30, 2023
in Cryptocurrency
Reading Time: 1 min read
Goldman Sachs Exec Predict Growth For Digital Assets In 2024
308
SHARES
1.5k
VIEWS
Share on TwitterShare on Telegram
Advertising

Goldman Sachs Exec Predict Growth For Digital Assets In 2024

Head of Digital Assets at Goldman Sachs, Matthew McDermott, has projected a massive growth in the cryptocurrency market in 2024. McDermott shared these positive predictions in a recent interview with Fox Business, expressing much optimism in the future of digital assets. 

Goldman Exec Expects Spot ETFs To ‘Gradually’ Boost Institutional Demand For Crypto Assets

Advertising

Speaking to Fox Business, McDermott has backed the continuous growth of cryptocurrencies as he foresees a rise in the institutional adoption of these assets. 

Notably, the Goldman executive shares popular sentiment with many crypto enthusiasts that the approval of a Bitcoin or Ethereum spot ETF will open up the digital asset ecosystem to more institutional investors who are weary of the market volatility attached to direct crypto investments. 

Advertising

McDermott said:

One, it broadens and deepens the liquidity in the market. And why does it do that? It does that because you’re actually creating institutional products that can be traded by institutions that don’t need to touch the bare assets. And I think that, to me, that opens up the universe of the pensions, insurers, etc. 

However, McDermott has cautioned crypto enthusiasts against expecting a sudden impact of crypto spot ETFs. He believes the anticipated increased demand and price rise will be a gradual process that will occur over the course of 2024. 

The US Securities and Exchange Commission (SEC) is expected to grant approval orders to several Bitcoin spot ETF applications in the coming weeks following discussions between the regulator and multiple asset managers. Bloomberg analyst Eric Balchunas has set a potential decision window of January 8 – January 10, stating there is a 90% chance the SEC finally delivers a verdict on these various applications putting an end to the 6-months chronicle.

Asset Tokenization In 2024

Advertising

In addition to potential crypto spot ETFs, McDermott also mentioned a potential increase in commercial blockchain application as another contributing factor to his projected rise in institutional demand for digital assets.

Particularly, he spoke about an improvement in existing tokenization systems, which can lead to the creation of secondary liquidity on blockchains.

RelatedPosts

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your ,000 in 2025

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

July 9, 2025
After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?

After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?

July 8, 2025

He said:

When I think about tokenization, which is obviously a topic that’s kind of talked about quite extensively, I think for me next year what we’ll start to see is the development of marketplaces. So where we start to see scale adoption, particularly across the buy side in the context of investors. And that’s because we’ll start to see the emergence of secondary liquidity on chain, and that’s a key enabler. So for me, that’s one of the key developments for next year.”

Advertising

At the time of writing, the entire crypto ecosystem is valued at $1.602 trillion, with a 15.09% gain in the last month. The market’s leader Bitcoin currently trades at $42,082, having declined by 1% in the past day.

Check More Latest Cryptocurrency News Click Here– Latest Cryptocurrency News

Check More Business News Click Here– Latest Business News

Advertising

Related Posts

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your ,000 in 2025
Cryptocurrency

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

July 9, 2025
After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?
Cryptocurrency

After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?

July 8, 2025
No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months
Cryptocurrency

No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months

July 8, 2025
Solana’s tokenized stock market more than triples in two weeks to hit M
Cryptocurrency

Solana’s tokenized stock market more than triples in two weeks to hit $48M

July 8, 2025
AVAX Faces Make-or-Break Moment At : What’s Next?
Cryptocurrency

AVAX Faces Make-or-Break Moment At $18: What’s Next?

July 8, 2025
Crypto.com Custody Brings Institutional Power to TON Blockchain – Crypto News Flash
Cryptocurrency

Crypto.com Custody Brings Institutional Power to TON Blockchain – Crypto News Flash

July 7, 2025
XRP Eyes Breakout As Analysts Predict Rally Alongside Real-World Adoption
Cryptocurrency

XRP Eyes Breakout As Analysts Predict Rally Alongside Real-World Adoption

July 7, 2025
AERO Token Crashes 7% as Bears Take Control – What’s Next?
Cryptocurrency

AERO Token Crashes 7% as Bears Take Control – What’s Next?

July 7, 2025
Mainland China chipmaking capacity set to outpace Taiwan by 2030
Cryptocurrency

Mainland China chipmaking capacity set to outpace Taiwan by 2030

July 6, 2025
 Or 0? Litecoin Traders Brace For A Make-or-Break Breakout
Cryptocurrency

$80 Or $150? Litecoin Traders Brace For A Make-or-Break Breakout

July 6, 2025

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)
  • Tunisia sentences prominent opposition leader to lengthy prison term
  • Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

Category

  • Brand Stories
  • Business
  • Cryptocurrency
  • Culture
  • Education
  • Entertainment
  • Environment
  • Health Trends
  • Latest News
  • Lifestyle
  • National
  • News
  • Opinion
  • Review
  • Science
  • Space
  • Sports
  • Technology
  • Travel
  • Uncategorized
  • World

Recent News

Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)

Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)

July 9, 2025
Tunisia sentences prominent opposition leader to lengthy prison term

Tunisia sentences prominent opposition leader to lengthy prison term

July 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
  • Science
  • Environment
  • Education
  • Guest Post on News 4 Social

© 2025 News4Social - All Rights Reserved. Guild King Pvt. Ltd. News4Social.

No Result
View All Result
  • News
  • Business
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion
  • Cryptocurrency
  • Entertainment

© 2025 News4Social - All Rights Reserved. Guild King Pvt. Ltd. News4Social.

Advertising
pixel