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Retail traders have so far been in the driver\u2019s seat of the current Bitcoin (BTC<\/a>) and crypto bull markets, according to a Goldman Sachs executive.<\/p>\n Matthew McDermott, the investment banking giant\u2019s global head of digital assets, says institutions have just started to get in on the action, Reuters reports<\/a>.<\/p>\n Goldman Sachs first launched a crypto trading team in 2021, which McDermott says they continue to improve on.<\/p>\n \u201cLast year was tough but just coming through to this year we\u2019ve seen a big sea-change not only in terms of the types of clients but also in terms of volumes.\u201d<\/em><\/p>\n The Goldman executive notes that the investment giant has been eyeing \u201cbankruptcy claims and some of the other investing opportunities\u201d in the digital asset space.<\/p>\n McDermott also is optimistic about the real-world asset (RWA) tokenization sector.<\/p>\n \u201cI do think over time we\u2019ll start to see more asset classes get tokenized and actually get some scale \u2013 but maybe that\u2019s one or two years down the line.\u201d<\/em><\/p>\n Bitcoin is trading at $67,906 at time of writing. The top-ranked crypto asset by market cap is up more than 8% in the past 24 hours after dipping in price on Tuesday. BTC set a new all-time high of $73,738 last Thursday, according to CoinGecko<\/a>.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Retail traders have so far been in the driver\u2019s seat of the current Bitcoin (BTC) and crypto bull markets, according to a Goldman Sachs executive. Matthew McDermott, the investment banking giant\u2019s global head of digital assets, says institutions have just started to get in on the action, Reuters reports. Goldman Sachs first launched a crypto […]<\/p>\n","protected":false},"author":2,"featured_media":269532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-269531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/269531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=269531"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/269531\/revisions"}],"predecessor-version":[{"id":269534,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/269531\/revisions\/269534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/269532"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=269531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=269531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=269531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n