Bitcoin is reportedly finally beginning to hit its maturity point as an asset class, as stated by Jeffrey R. Currie, Goldman Sachs’ international Director commodities research. 

Specifically, during a CBC-held interview, Curries reportedly shared his remarks, stating that the maturity is to happen following over ten years of extreme price volatility. 

Bitcoin’s impressive run has reportedly gone a long way in garnering additional institutional interest, but claimed that smart-money investors are still a small contribution to the overall market, and a greater institutional fund is required to achieve market stabilization. 

“I think the market is beginning to become more mature. Volatility and those risks that are associated with it are common for nascent assets.” Currie further stated regarding Bitcoin. 

“The key to creating some type of stability in the market is to see an increase in the participation of institutional investors and right now they’re small […] roughly 1% of it is institutional money.”

Numerous significant figures of Wall Street have reportedly shown their support towards Bitcoin throughout the past year. Legendary investors Paul Tudor Jones and Stanley Druckenmiller have both made investments in the crypto asset, as well as companies, nominally MassMutual and Ruffer Investment Company, have finalized the acquisition of sizable positions in BTC.

In December 2020, Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly completed submission of a filing to the US SEC, regarding the release of a new Bitcoin fund. 

Goldman Sachs have reportedly also adopted a refreshed attitude towards Bitcoin as well, getting on board more professionals in the field, together with putting out a guidance on the peaceful coexistence of Bitcoin and gold as macro hedges.