Goldman Sachs Predicts Spectacular Increase in Crypto Trading by 2025

The next two years are expected to see a significant increase in the volume of asset trading on the blockchain, according to Mathew McDermott, Global Head of Crypto Assets at Goldman Sachs. He explains that since the beginning of 2023, the bank’s clients have shown a “huge appetite” for crypto assets and crypto derivative trading. This was reported during an interview with Reuters.

A Goldman Sachs Executive Notes “huge appetite” for Cryptos

As the year 2024 is fast approaching, predictions of a bullish trend in the crypto markets are becoming stronger. The crypto ecosystem is anticipating the approval of the Bitcoin ETF, the Federal Reserve’s interest rate cuts, the cryptocurrency bull cycle, Bitcoin halving, and more. Mathew McDermott, Global Head of Crypto Assets at Goldman Sachs, has just confirmed this sentiment.

In an interview with Reuters, McDermott predicted that the crypto market will experience a “dramatic rise” by 2025. He points out, as indicators, the strong growth in the bank’s clients’ interest in crypto assets and crypto derivative trading since the start of the year.

The executive also added that the SEC’s approval of the Bitcoin ETF would attract new wealthy investors to the market. However, he does not expect “a sudden and immediate increase in price and liquidity” of cryptocurrencies. According to him, the Bitcoin ETF market is still “very, very, very small.”

JUST IN: Goldman Sachs says there is "huge appetite" for #Bitcoin and crypto as US ETF approval looms, and expects a "significant uptick" in trading volumes over the next 12 – Reuters pic.twitter.com/3TTpBroTEn

— Bitcoin Archive (@BTC_Archive) December 13, 2023

Tokenization of Real Assets: A Reality Within 3 to 5 Years

Mathew McDermott confirmed that the adoption of blockchain in the financial sector could improve efficiency, speed, and security of transactions. And while he expects a “significant increase in the volume of crypto trading on the blockchain” within a year or two, he nonetheless has some reservations.

He believes it will take between 3 and 5 years for the momentum to really set in, and even longer for most financial markets to be fully reproduced on the blockchain. He recalls that large-scale tokenization of real assets will require a complete overhaul of the infrastructure supporting financial markets.

Mathew McDermott’s statements confirm that 2024 is expected to be an exceptionally bullish year. Likewise, it feels as if the cryptocurrency industry is smoothly turning a new page in its history.