Traditional institutions are also joining the game. Goldman Sachs is optimistic about the development of cryptocurrencies by 2024.

The global head of Goldman Sachs Digital Assets believes that by 2024, institutions will gradually mature digital assets by expanding proprietary blockchain. It is expected that traditional assets will be the first to be tokenized, and Bitcoin will gradually grow and increase overall liquidity. The positive impact of blockchain on enterprises can only be realized after scaling, and the reacceptance of blockchain by banks will enhance the liquidity of tokenized asset markets. It is predicted that the tokenization of traditional assets will lead other assets, and less common assets will benefit the most in terms of liquidity, pricing visibility, and transparency. The approval of Bitcoin ETF will attract investments from pension funds and insurance companies, and improve the overall liquidity of Bitcoin.