Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature. “The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the price of the cryptocurrency soared on Thursday, regaining much of the losses from the beginning of the week.
Goldman Sachs Sees Maturing Bitcoin Market
Jeff Currie, global head of commodities research at Goldman Sachs, told CNBC this week that the bitcoin market is becoming more mature. Noting that it is “very difficult to forecast” bitcoin’s price due to the level of volatility and uncertainty in the market, the Goldman Sachs head of commodities research remarked:
I think the market is beginning to become more mature. I think in any nascent market you get that volatility and those risks that are associated with it.
The price of the bitcoin has just returned to the $40K level after taking a nosedive