FinancialCentre Broker Reveals Goldman Sachs Predicts ‘healthy’ Rise of Digital Currencies 2022.


London, UK, 5th Feb 2022, Binary News Network, The need for a digital currency has been spoken about for as long as Bitcoin has been around. In its first mention by Nick Szabo, the concept of a decentralized token was brought up to remove trust from transactions between two parties. Since then, many other iterations have come and gone with little success. The recent popularity of Bitcoin Cash, Litecoin, and Ether (among others) has brought the topic back into the limelight as the cryptocurrency space continues to grow.

Analysis:

Goldman Sachs recently published their 2022 Market Outlook Report, where they analyze many different topics relevant to financial markets, including cryptocurrencies. To appease their clients, Goldman makes it clear that this report is for informational purposes and should not be taken seriously. While this is true and Goldman Sachs has a proven history of FUD, they do offer some very optimistic predictions for the future.

Goldman Sachs predicts that by 2022 there will be a ‘healthy’ rise in digital currencies, with Bitcoin leading the charge. They also believe that FinTech (financial technology) companies will bridge the gap between traditional payment processors and digital currencies, allowing them to adapt to a more modern environment.

Finally, Goldman Sachs predicts that Blockchain technology will enhance settlement times for transactions which would allow for quicker movement of money from point A to point B. This is good news for investors in this space as it shows an increasing amount of adoption for digital currencies.

The FinancialCentre broker, Sofia Castle, explains to invest in the following cryptocurrency:

Ripple (XRP)

Ripple is a unique altcoin with many benefits over its counterparts, and it has huge potential. The technology behind Ripple (XRP) is impressive, and the base of investors is constantly increasing. There are some great online reviews about this cryptocurrency, and we recommend looking at them before investing in Ripple (XRP). For example, we recently published an article explaining how to buy Ripple (XRP) through Bitcoin. We like the site as it provides full information on this unique coin and allows you to buy XRP through Bitcoin quickly and easily.

Cardano:

Cardano (ADA) is currently recovering from its recent bear run, and it has a high potential for future growth. The Cardano project has enjoyed an impressive debut in the cryptocurrency world, and it continues to attract interest from investors around the globe. Like Ripple (XRP), Cardano (ADA) is not backed by any type of real-world assets, and it is fully decentralized. This makes Cardano (ADA) a unique altcoin that should be taken into consideration by any cryptocurrency enthusiast or investor.

Ethereum:

Ethereum (ETH) is the second-largest cryptocurrency in the world, and it enjoys plenty of trading volume daily. Ethereum (ETH) is also getting closer to launching its own digital currency, which means that more people will want to get their hands on this altcoin before that happens. The launch of Ethereum’s new digital currency is set to take place before the end of the year, and it could provide a major boost for Ethereum (ETH).

Bitcoin:

Despite being the leader in cryptocurrency, Bitcoin (BTC) has lost most of its value over the past few weeks. This is due to a recent ‘hard fork’ which resulted in two different types of Bitcoins being available for trading on the open market. Unlike previous hard forks, this one affected the price of BTC considerably, and it led to an overall decline. However, Goldman Sachs still believes that Bitcoin (BTC) will rise by 2022, and it could easily regain the value it has lost over the past few weeks.

Conclusion:

The fact that Goldman Sachs even released this report is very bullish for the future of cryptocurrencies, especially regarding regulation. This kind of attention helps bring awareness and legitimacy to the space, which makes it easier for others to invest when they see positive signs like this. While many are pessimistic about their recent crypto analysis, they do bring up some very valid points.

Goldman Sachs has a long history of dealing with currencies and their rise and fall. They are the first major investment bank to even mention cryptocurrencies since their sudden rise in popularity. Giving them an inside look is great for this space as it will help the market grow at the proper pace rather than at the “get rich quick” pace.

Goldman also mentions that they believe FinTech companies will bridge the gap between traditional banking and digital currencies. If this is true, we can expect to see some very big names start to get involved in this space which would bring a lot of attention to what was originally thought of as “fake internet money”.

Lastly, Goldman Sachs believes Blockchain technology will be the catalyst for faster transactions involving money. This would mean that not only are digital currencies gaining in popularity, but they are expected to become an important part of how we transfer funds around the world. If this comes true, digital currencies could become a household item in just four years.

Goldman Sachs sets the bar high for the future of cryptocurrencies in their 2022 report. While they have a track record of FUD, Goldman Sachs is bullish about this space and will continue to be involved in some shape or form. Once digital currencies become more mainstream, expect to see them being used across the world in your everyday life.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.