Goldman Sachs Executive Talks About Bitcoin (BTC) and Cryptocurrencies! Explains the Only Thing That’s Necessary!

The Dubai Token2049 conference has started and many important names in the cryptocurrency industry attended this conference. At this point, Goldman Sachs Global Head of Digital Assets Mathew McDermott, who attended Token2049 in Dubai, said that regulations could increase Bitcoin and cryptocurrency adoption. Mathew McDermott said that regulatory clarity will allow large institutions to put more capital into the crypto ecosystem, which will help the crypto sector thrive. McDermott also stated that various lobby groups are making efforts to have the expected cryptocurrency regulations in the US enacted by the current administration. Stating that the US’s progress in cryptocurrencies is great for the global market, the Goldman Sachs executive claimed that the US will bring more people to the crypto sector and help accelerate growth. At this point, McDermott added that the two stablecoin bills currently in existence in the US could accelerate the adoption of digital currencies. “If regulations allow stablecoins to be easily adopted by financial institutions, this could accelerate the use of digital currency by major players. We’re watching it very closely.” *This is not investment advice. Continue Reading: Goldman Sachs Executive Talks About Bitcoin (BTC) and Cryptocurrencies! Explains the Only Thing That’s Necessary!

Source: BitcoinSistemi