Reuters carry the report on the plans from investment bank Goldman Sachs, planning large-scale cryptocurrency investment after the collapse of FTX has hit valuations and investor interest.
Mathew McDermott, Goldman's head of digital assets, spoke with Reuters:
- Goldman is doing due diligence on a number of different crypto firms, FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, sees an opportunity to pick up business
- "We do see some really interesting opportunities, priced much more sensibly"
- the underlying technology continues to perform
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