According to a poll of Goldman Sachs’ newest interns, 33% of them consider cryptocurrency to be a well-established asset class.
A majority of Goldman Sachs’s new interns remain sceptical of digital assets, indicating that they need to do more study before jumping into the crypto craze. The great majority of respondents (95%) prefer stocks to cryptocurrency as their preferred investment vehicle.
When it comes to the most vital abilities, 40% of interns say the ability to code is the most important.
Cryptocurrency as asset class
Apart from technical considerations, one of the primary impediments to recognizing cryptocurrencies as a viable asset class is regulatory ambiguity.
The US Securities and Exchange Commission has already requested authority from Congress to regulate both crypto coins and the full decentralized finance architecture. Crypto investors and entrepreneurs in a variety of nations throughout the world, including India, Ethiopia, and China, urge the government to regulate the industry in order to foster innovation and alleviate concerns about the asset’s involvement in money laundering, fraud, and terrorism.