Survey Results by Goldman Sachs Reveal that 40% of Clients Are Exposed to Crypto

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by Ibukun Ogundare · 3 min read
Survey Results by Goldman Sachs Reveal that 40% of Clients Are Exposed to Crypto
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Despite the growing adoption of cryptocurrencies, among institutional and retail investors, some companies are still not considering adding crypto to their balance sheets.

Investment banking company Goldman Sachs (NYSE: GS) has conducted a survey, which revealed that 40% of its clients are exposed to crypto. Goldman Sachs’ Max Milton shared the outcome of the survey on the 4th of March.

Goldman Sachs Conducts Survey on Crypto

The findings from the investment bank’s survey showed that clients are optimistic about the future of crypto investing. According to CoinDesk, 280 respondents participated in the survey that was based on digital assets. Citing the survey results, the report stated that 40% of the total respondents have exposure to crypto-assets. In addition, 54% of the survey respondents indicated their price prediction on Bitcoin. As noted in the report, the respondents forecasted that Bitcoin would reach between $40,000 and $100,000. In addition, 22% believe that Bitcoin will jump more than $100,000 in 12 months.

Furthermore, 61% of the survey respondents expect that their cryptocurrencies will increase within the next one to two years. Also, 32% are interested in prime brokerage for physical or spot to gain exposure to digital assets.

Goldman Sachs has been seeing profits over the past year. Currently at premarket trading of $328.57, the investment firm is down 0.22% over its previous close of $329.29. Goldman Sachs has jumped nearly 71% in the last year and has gained 24.85% since the beginning of 2021. In addition, the company has grown by 37.44% in the last three months, surging further by 12.19% over the past month. In the last five days, Goldman Sachs has jumped more than 3%.

JPMorgan Survey Reveals 78% of Institutions Are Not Planning Crypto Investing

Despite the growing adoption of cryptocurrencies, especially Bitcoin, among institutional and retail investors, some companies are not considering adding crypto to their balance sheets. A survey conducted by JPMorgan Chase & Co (NYSE: JPM) showed that 78% of institutional investors do not have plans to invest in crypto.

According to Business Insider, 3,400 investors representing 1,5000 institutions participated in the JPMorgan survey. Of the total surveyed participants, 89% said their firms do not trade or invest in crypto. 78% of the institutions which do not invest in digital assets said it is “not likely” that their firm would trade or invest in cryptocurrencies in the future.

Also, 58% of respondents said crypto is “here to stay,” while 21% referred to it as a “temporary fad.”

Like Goldman Sachs, JPMorgan has also been pulling in gains over the past year. The company’s stock has increased more than 39% over the past year and over 18% in its year-to-date record. At press time, JPM is up 0.29% to $151.00 in premarket trading.

A recent survey by anonymous professional network for tech professionals Blind revealed that 50% of professionals believe in cryptocurrencies. The survey result further stated that 57% of the professionals currently own some digital assets.

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Ibukun Ogundare

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.

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