For instance, Goldman Sachs hired 82 crypto professionals, JPMorgan hired 62, Fidelity brought 68 to its team while Wells Fargo recruited 74, according to data by Revelio.
Cryptocurrencies’ market capitalization reached an all-time high record of $3 trillion. The increase followed Bitcoin and Ether’s bullish run towards new all-time highs.
Pandit also spoke favorably of central bank digital currencies (CBDCs). The latter is a digital version of banknotes and coins that allows people to hold and make payments in central bank money. Citi group’s former executive also added that this makes it cheaper and easier to move money around the world.
The finance executive and former Citigroup boss has invested in crypto-related companies such as Coinbase.
Meanwhile, JPMorgan CEO Jamie Dimon – a well-known skeptic and recently said he believes bitcoin is “worthless.” However, Dimon said his bank still wants to give clients “as clean as possible access” to digital assets as there is strong demand from customers.
