Crypto Use Is Set To Explode, Goldman Sachs Executive Says

Bitcoin just hit a new ATH today, and the king coin managed to break through $60k.

Also, the mainstream adoption of Bitcoin is boosted these days with the help of important figures in the crypto space.

he overall crypto market reached more than $1.75 trillion, and now it’s been reported that Wall Street Giant Goldman Sachs said that the adoption of crypto is just getting started.

The online publication the Daily Hodl notes that in a Reuters’ report on Bitcoin and crypto assets, Goldman Sachs president and chief operating officer John Waldron says that the growth of e-commerce amid the Covid-19 pandemic will lead to an “explosion” in cryptocurrency use.

“The pandemic has been a significant accelerant. There is no question in our mind there will be more digital commerce … and (use of) digital money,” he said.

Waldron added that the number of customers who show interest in Bitcoin itself is growing, forcing the bank to try and overcome the regulatory hurdles facing US citizens who wish to invest in the flagship cryptocurrency.

“Client demand is rising. We are regulated on what we can do. We continue to evaluate it… and engage on it.”

He also said: “Bitcoin and other cryptocurrencies brought new thinking to payments but raised new issues of investor protection we still need to attend to.”

He continued and stated that “It’s important for the SEC to provide guidance and clarity. Sometimes that’s a clarity that will be a thumbs up, but even if it’s thumbs down, it’s important to provide that.”

We suggest that you check out the complete Reuters report in order to find out more.

Tone Vays is live on YouTube

The Twitter crypto community is celebrating like there’s no tomorrow. Tone Vays is live now on YouTube, and you can check him out to see his live streaming about this massive BTC achievement.

Michael Saylor from MicroStrategy dropped a message on Twitter as well.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.