Goldman Sachs Exec: Regulations Key to Boosting Bitcoin & Cryptocurrency Adoption

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, believes regulations could be crucial for accelerating bitcoin and cryptocurrency adoption. He sees the US’s progress in this space as a positive influence on the global market and predicts increased interest from institutions will drive growth. Additionally, he highlights the potential impact of stablecoin legislation currently underway in the US. According to McDermott, if regulations facilitate widespread adoption by financial institutions, it could accelerate the use of digital currencies by major players. He emphasizes this is an area they are closely monitoring.