Barry Silbert has recently said that the future of crypto depends on the stock market and along with this, Goldman Sachs analysts have revealed that Coinbase stock is the best way to avoid volatility. This statement from Barry Silbert has come amid massive volatility sessions in the crypto market and the rising needs of investors to gain exposure to the crypto industry. Barry Silbert Believes Stock Market will Determine the next move of Crypto The Founder and CEO of Digital Currency Group (DCG), which is the parent company of Grayscale, Barry Silbert, has recently released a statement in which he said that he believes whatever happens in the stock market in the coming weeks will determine what the crypto assets will go through in coming weeks. He said: “Where the crypto market goes from here is completely dependent on the stock market over the next couple of weeks.” The latest statement from the DCG Founder is followed by an earlier post on Twitter where he explained the present market fall as being healthy. In addition to this, he mentioned in his statement that due to the rising fluctuations in the market and the recent crash, many crypto traders have turned into long-term investors. Goldman Sachs Analysts Says Coinbase Stock is the best way for Investors to gain Exposure Will Nance, an analyst at the Wall Street megabank Goldman Sachs has stated in a note to the clients on Monday that the Coinbase stock is probably the best way for the investors to gain exposure to the crypto industry. In accordance with the recently released report, the shares of crypto companies like Coinbase should be regarded as a hedge against the fluctuations of digital assets. The analysts wrote in the report: “While we believe the core business today offers an attractive growth profile with the potential to drive new high levels of profitability, we see significant white space for new initiatives to drive more stable and recurring revenue streams to complement the core trading business over the longer term.”
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