Blankfein emphasized that he remains skeptical about the crypto industry, but the aforementioned items make him “want to have” a bet on it. In the short term, the industry could maintain its correlation with the traditional market.

In that sense, Bitcoin’s price performance will be key in determining the immediate future of cryptocurrencies. As of now, BTC has jumped back from the lows at $33,000 and could see some relief during the following week.

The U.S. FED is set to hold its Federal Open Market Committee (FOMC) meeting on Wednesday. This date will be key for investors to measure the institution’s intentions about interest rates. A hawkish FED could trigger a fresh selloff across global markets.

Former Goldman Sachs CEO and Chairman Lloyd Blankfein recently talked about the economic outlook for 2022, the growing tensions between the U.S. and Russia over Ukraine, and its potential effect on the market, inflation, and crypto. On the latter, like other big bank executives, he seems more optimistic.

A former skeptical on crypto and its potential, Blankfein said for CNBC’s Squawk Box that his view on digital assets has “evolved”. In that sense, he referred to the early days of the internet when some products were starting to integrate with this nascent technology and experienced their own wave of skepticism: