Goldman Sachs, one of the largest banks in the world, will hold a conference call on inflation, gold and bitcoin with its customers. Entitled “US Economic Outlook and Implications of Current Inflation, Gold and Bitcoin Policies”, the meeting will take place next Wednesday (27) and will be broadcast online.
Goldman Sachs appears to be the latest Wall Street entity to recognize the main cryptocurrency, including the topic at the 15th meeting in a series of macroeconomic and financial trends.
That's because recently the largest US bank, JPMorgan Chase, opened the door to cryptocurrency exchanges. The decision was significant for an industry that has struggled to maintain banking relationships for years.
Another point to note was a recent report by American billionaire Paul Tudor Jones where he recommended Bitcoin as a store of value in the face of the current situation of global economic instability.
Goldman Sachs Meeting
There are not many details about the Goldman Sachs meeting, but according to an image published in the account of Mike Dudas, founder of The Block, on Twitter, the event will be led by the group's investment director, Sharmin Mossavar-Rhami.
According to the information, there will be Jason Furman, professor of economics at Harvard Kennedy Business School, and Jan Hatzius, head of global research at Goldman Sachs.
Still regarding the inclusion of the bitcoin theme in the online event, Forbes made a comment: "The last Goldman Sachs customer conference call will include a subject that Wall Street ridiculed or ignored: Bitcoin".
Goldman Sachs and Bitcoin
History reveals that there has always been a standoff over the bitcoin concept over time among some Goldman Sachs executives.
Interestingly, Sharmin Mossavar-Rhami, who will be leading the next meeting, has already labeled bitcoin as a bubble. This happened in 2018.
At the time, the executive said that there might be room for cryptocurrencies since they were created by major central banks.
“Could they be useful? Could they reduce transaction costs? Yes. But not the ones there, ”he said.
Stablecoin Goldman Sachs
In the middle of last year, the institution's executive director, David Solomon, did not rule out the possibility of the institution creating a stablecoin.
At the time, he said that Goldman Sachs' idea was to do what JPMorgan did, with JPM Coin.
To that end, Solomon said, the bank's team conducted "extensive research" on tokenization and stablecoins.
"It is the direction the system will go"
Also at the time, Fundação Libra was looking for partners in the development of its cryptocurrency.
When asked whether Goldman Sachs could join the plan, Solomon replied:
“I find the principle interesting. It is the direction the system will go ”.
Buy Bitcoin and other cryptocurrencies at the safest broker in Brazil. Register and see how simple it is, visit:
This source of this article is portaldobitcoin.com.