- Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as a significant subject in its latest client conference call.
- The proposed conference, is scheduled to take place on May 27 at 10:30 am EST.
- The calls’ preliminary object is to discuss the impact of the current central bank policy. Besides discussing the risk of monetary inflation on valuable assets.
The Chief Investment Officer at Goldman, Sharmin Mossavar-Rhami, is assigned to host the call. Jason Furman, Harvard Kennedy Business school Professor and Global Research Head at Goldman Sachs shall accompany Sharmin in the process. However, to recall, ironically, in 2018, Mossavar-Rhami claimed that he saw no value in Bitcoin or other cryptocurrencies.
Bitcoin : A perfect opportunity
Apart from the above, the invitation did not reveal any further information on the contents of the call. Per this title, though, the call’s preliminary object is to discuss the impact of the current central bank policy. Besides that, it is also to discuss the risk of monetary inflation on valuable assets such as Bitcoin and gold. On a side note, it is to underline that, the Federal Reserve has printed over $3 trillion, by only this year, through a mixture of QE and fiscal programs like the Cares Act, thereby expanding its balance sheet nearly two-fold by the first quarter of the new decade itself.
Hard money advocates contend that the present situation has created a perfect scenario for inflation. Thus, this in turn has provided an optimum eco-system where scarce assets like bitcoin and gold should thrive in. This contention has brought the attention of various investors who propose to invest in such assets.
Paul Tudor Jones, one among such investors, wrote a letter to other investors in the field whereby he emphasized his views on BTC and its potential to play an important role during a worsening economic crisis that has left 40 million Americans out of work. According to the investor, “The Great Monetary Inflation,” will be a phenomenon that no country has ever witnessed
Under the same lines, it also needs to be accounted that, the Investment Bank had announced the present call just days after JPMorgan’s announcement that it was opening accounts for Bitcoin exchanges, something which was considered to be a significant move for an industry that has struggled to maintain banking relationships over the years. Eventually, this arouses curiosity in the market to determine the next institution that is going to accompany them.
186 Interactions, 2 today