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In a Q&A sent to clients, Goldman Sachs Group acknowledged the need for institutional investors to pay attention to the cryptocurrency markets. With the aggregate crypto market cap exceeding $120b and options coming soon, Goldman sees the emergence of a new asset class.
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The debate has shifted from the legitimacy of the “fiat of the Internet” to how fast new entrants are raising funds, with initial coin offerings and fundraising that now exceeds Internet angel and seed investing. These are some of the questions the Goldman Sachs analysts answered...
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