Goldman Sachs: Retail investors drive cryptocurrency rally
According to Mars Finance news, Mathew McDermott, head of digital assets at Goldman Sachs, said that the recent rapid rise in cryptocurrency prices was driven by retail investors, but institutions have also begun to join in, and market demand has changed. Not only the types of customers have changed, but the number has also changed. . No one knows exactly what’s driving Bitcoin’s latest rally, although analysts note that billions of dollars have flowed into a U.S. spot Bitcoin ETF launched this year. McDermott said it was ETFs that triggered a "psychological shift."
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