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Goldman says bitcoin is starting to mature but institutional money is a tiny fraction of the market



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Bitcoin is showing signs of maturity but the level of institutional investment in the nascent market is still very small, according to Goldman Sachs’ Jeff Currie.The investment bank’s head of commodities research said that more money from the financial world would need to flow into bitcoin in order for it to stabilize. Bitcoin and other cryptocurrencies saw a brutal sell-off on Monday that wiped off as much as $200 billion from the market value of all digital coins combined in just 24 hours.That came after a remarkable surge for bitcoin in the last few months, with the world’s most valuable …

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