Goldman Sachs survey shows 60% of surveyed clients expect to increase crypto holdings
March 24, 2022, 1:03PM EDT
1 min read
A survey obtained by The Block from investment banking giant Goldman Sachs suggests that investors continue to be bullish about crypto.
The New York-based bank, which operates a digital assets desk, surveyed 172 clients on their attitudes towards digital assets. 60% of those surveyed expect to increase their digital asset holdings in the next one to two years.
Of those expressing enthusiasm about crypto, 32% said that they expected to "significantly increase" their crypto holdings.
Meanwhile, 51% of its clients reported exposure to crypto, compared to 40% from the previous year. About 55% could allocate up to 5% of total assets to crypto, according to the survey.
DeFi, altcoins in focus
The Goldman Sachs digital asset client survey also indicated that institutional investors are warming up to DeFi, altcoins and NFTs.
Whilst BTC and ETH continued to show strong interest — 22% each — 15% of respondents took an interest in altcoins, 14% in DeFi token exposure, and 9% in NFTs. Previously, a mere 16% took interest in coins other than the holy trinity of BTC, ETH, and stablecoins.
TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.