Is Goldman Sachs the Latest Bank to Jump on the Bitcoin Bandwagon?

Bitcoin is slowly permeating the institutional space as we saw this month the billionaire investor Paul Tudor Jones investing almost 2% of his assets in Bitcoin and called it an inflation hedge.

Just a few days before the bitcoin halving, he shared his belief that bitcoin will play a “growing role” in the “The Great Monetary Inflation,” which will be an “unprecedented” expansion of money, unlike anything the world has ever seen.

And, “It's not a surprise large players are using the CME to get exposure. They're not stacking sats on the cash app,” said analyst Ceteris Paribus.

This month, JP Morgan also started providing its banking services to two bitcoin exchanges Gemini and Coinbase, taking a U-turn from its CEO Jamie Dimon labeling bitcoin as “fraud.”

Implications of Current Govt. Policies on Bitcoin

The next bank to join the Bitcoin bandwagon looks to be the investment banking giant Goldman Sachs whose latest client conference call involves Bitcoin, a subject Wall Street has long been shrugging off.

As per the Goldman Sachs’ invitation to investors, the bank is having a client call on US Economic Outlook & “Implications of Current Policies for Inflation, Gold and Bitcoin.” Set for May 27 at 10:30 am EST, the conference call is its fifteenth in a series on macro-economic and financial trends.


Goldman Chief Investment Officer, Sharmin Mossavar-Rhami who said Bitcoin has no value in 2018 will be hosting the event along with Jan Hatzius, a Chief Economist and Head of Global Research at Goldman Sachs and Jason Furman, an economics professor at the Harvard Kennedy Business school.

The invitation doesn’t reveal any other information about the event but the title conveys that the call is going to discuss how central banks’ policy and the risk of monetary inflation could impact gold and bitcoin.

In the first quarter of 2020 alone, the Federal Reserve printed more than $3 trillion, expanded its balance sheet to surpass $7 trillion, and cut down the interest rate to zero.

And although it is just a webinar, the big thing is people who have been shooting bitcoin down are now taking it seriously.

Analyst Paribus also noted that this week, the CFAinstitute’s annual conference also had Bitcoin come up on at least 3 separate occasions.

“This never would have happened before. It's being discussed alongside gold now,” he said.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Goldman Sachs’ Lazy Bitcoin Assessment is Embarrassing

Crypto community has been eagerly awaiting Goldman Sachs’ client call today in which they were to discuss bitcoin. But it all turned out to be...

Crypto Derivatives Exchange ErisX, Opens API Service for BCH, BTC, ETH, and LTC Block Trading

ErisX REST API will now grant registered clients access to their Block Trade platform. This will be a reserve for the Institutional investors...

Polkadot’s Chain Candidate Goes Live in Anticipation for the Proof of Stake (PoS) Version

Polkadot's initial mainnet has been launched by Web3 Foundation and Parity Technologies according to a blog post on May 26. This much anticipated sharding...

Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May...

7 Bullish Ethereum Charts that says Ether is “Significantly Undervalued”

The price of Ether might still be struggling around $200 but its fundamentals are screaming bullish. Post Black Thursday sell off, Ether has been seeing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today