Goldman Sachs will host a conference call on May 27, which will discuss Bitcoin, gold and inflation, as well as macroeconomic trends. The details of the conference call were made public after The Block founder, Mike Dudas, posted a screenshot of the invitation on Twitter,
Titled US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin, the call will be hosted by Sharmin Mossavar-Rahmani, the Chief Investment Officer of Goldman’s Investment Strategy Group. She will be joined by Harvard economics professor Jason Furman and Goldman Sachs’ chief economist Jan Hatzius.
Besides this, there is little information on what will be discussed in the call. But the opinion of high-level executives of Goldman Sachs will be telling in and of itself.
Mossavar-Rahmani has herself made statements about Bitcoin (BTC) in the past, saying that it failed as a medium of exchange. In August 2018, she went as far as to say that she “believes that they garner far more traditional media and social media attention than is warranted.”
Goldman Sachs has had a largely negative view of Bitcoin and the cryptocurrency market, despite the fact that it has shown some interest in cryptocurrencies. In June 2019, the investment bank had secured a patent for a cryptocurrency-based settlement system. The system had the moniker of “SETLcoin” and is primarily intended to be used as a means of settling trades of securities.
But it appears that the market is on a strong move towards greater acceptance. Bloomberg analysts concluded that Bitcoin had experienced a leap in maturation and the greater influx of institutional investment lends some credence to this.
The conference call is open to everybody for a listen. You can join the call, which starts on May 27 at 10:30 AM EDT, here.