Goldman Sachs mentioned cryptocurrencies for the first time in its annual shareholder letter, highlighting their growing relevance in the financial industry.
The multinational investment bank acknowledged the increasing market influence of cryptocurrencies and the demand for distributed ledger technologies.
Goldman Sachs' mention of cryptocurrencies marks a significant step in the digital asset adoption curve, but the bank also warned about the uncertainties and vulnerabilities associated with the sector.
The bank has a history with cryptocurrencies, having launched a crypto desk in 2021 and holding significant investments in Bitcoin and Ethereum.