September 5, 2023 10:13 AM | 2 min read
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
Former Goldman Sachs (NYSE:GS) executive Raoul Pal has highlighted a potential use case for cryptocurrencies that could see a staggering $1 quadrillion flow into the digital asset space.
Pal’s comments come at a time when major financial institutions are increasingly recognizing the transformative potential of blockchain technology and cryptocurrency.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
For those intrigued by Pal’s insights and eager to delve deeper into such transformative discussions, the upcoming Benzinga Future of Digital Assets (FODA) Conference on Nov. 14 is the place to be. It promises to be a melting pot of similar groundbreaking revelations, discussions, and forward-thinking visions.
See Also: Travel Rule Ignites Compliance Crisis For UK Crypto Firms
Financial giants are not just silently observing the crypto sector, Pal says. They are actively participating.
“BlackRock (NYSE:BLK) has been involved in crypto for a while now. Don’t forget, he (Larry Fink) talked about it in the last cycle. Apollo (NYSE:APO), is massive. Goldman, JPMorgan (NYSE:JPM) — they’re all there,” Pal noted. “What we’re doing is seeing them come to the surface and say, ‘This is a meaningful technology…’”
Secure Your Financial Future
Hidden gems are waiting to be found in this market! Don’t miss the Benzinga Insider Report, typically $47/month, now ONLY $0.99! Uncover incredibly undervalued stocks before they soar! Limited time offer! Secure your financial success with this unbeatable discount! Grab your 0.99 offer TODAY!
Advertorial
The former executive further elaborated on the growing interest of these institutions in the crypto domain.
“They’re now saying, ‘Well we want to invest in it, we want to allow our clients to invest in it, and we will build out on the infrastructure of it.’”
Highlighting the vast potential of the crypto space, Pal pointed out the possibility of integrating the entire finance industry into the blockchain.
“So if you want the largest applications layer possible, it’s that whole finance industry. There’s like $1 quadrillion of derivatives that can all go on-chain. All the equities markets, everything can go on-chain.”
He concluded by emphasizing that if there’s a use case that could overshadow all others, it’s the integration of the entire monetary and financial system into the blockchain.
Read Next: SEC To Approve Bitcoin ETF Soon, Says Former Chairman
Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event — Future of Digital Assets. Tickets are flying — get yours!
Image by Petre Barlea from Pixabay
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
