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Investing.com – FTX’s bankruptcy has added a layer of doubt and risk to the crypto ecosystem when it was already struggling from numerous crises like . Such events further erode investor confidence in this new digital asset environment.
This also highlights the need for more regulation within this sector and the need to put in place more solid structures to guarantee the sustainability of the system as a whole and to ensure the security of the capital put into play by investors.
In this sense, Goldman Sachs (NYSE:) sees a significant investment opportunity as the sector struggles. Indeed, the bank could pour millions of dollars into acquiring companies that are in need right now.
“We see really interesting opportunities, at much more reasonable prices”
Goldman Sachs could thus take advantage of its reputation and its mastery of good practices to infuse its know-how with the firms it could control. This could help bail out the crypto sector financially and help rebuild investor confidence after the string of bankruptcy.
“It definitely set the market back in terms of sentiment, there’s absolutely no doubt about that. FTX was a star child in many parts of the ecosystem. But to reiterate, the underlying technology continues to be efficient.”
As a result, the bank has seen renewed interest in its crypto services from institutional investors who are looking for more stable partners to guarantee the safety of their funds.
However, this initiative remains relatively timid given the size of Goldman Sachs’ usual investments, which amount to billions of dollars. At the same time, other major banks remain cautious on crypto for the time being.