Can Crypto Overtake Banking? $1 Quadrillion Market Cap Possible: Former Goldman Sachs Exec
Portfolio Pulse from Murtuza Merchant
Former Goldman Sachs executive Raoul Pal has suggested that cryptocurrencies could potentially see a $1 quadrillion market cap as they integrate with the entire finance industry. He noted that major financial institutions like BlackRock, Apollo, Goldman Sachs, and JPMorgan are not just observing the crypto sector but actively participating. The comments come as the transformative potential of blockchain technology and cryptocurrency is increasingly recognized.
September 05, 2023 | 2:14 pm
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POSITIVE IMPACT
Apollo's involvement in the crypto sector could potentially lead to new revenue streams and growth opportunities.
As a major financial institution, Apollo's active participation in the crypto sector could lead to new business opportunities and revenue streams, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock's involvement in the crypto sector could potentially lead to new revenue streams and growth opportunities.
As a major financial institution, BlackRock's active participation in the crypto sector could lead to new business opportunities and revenue streams, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs is actively participating in the crypto sector, which could potentially lead to new revenue streams and growth opportunities.
As a major financial institution, Goldman Sachs' active participation in the crypto sector could lead to new business opportunities and revenue streams, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan's involvement in the crypto sector could potentially lead to new revenue streams and growth opportunities.
As a major financial institution, JPMorgan's active participation in the crypto sector could lead to new business opportunities and revenue streams, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80