According to the bank, the stock market downturn has had a significantly higher impact on household net worth in the United States.
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Goldman Sachs' global head of digital assets said that institutional demand for cryptocurrencies is increasing, and that the bank has been 'actively widening' its market capabilities to meet that demand.80
Lloyd Blankfein, the former CEO of Goldman Sachs, has advised that businesses and consumers in the United States should prepare for a downturn. He emphasized that the risk is 'extremely high.'135
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