- Goldman Sachs thought about cryptocurrencies
- The Fed is pushing the industry towards Bitcoin
- who is next?
Goldman Sachs to discuss gold and … bitcoin with clients
Goldman Sachs invites investors to discuss bitcoin
Fed policy can create conditions for growth cryptocurrencies
The next Goldman Sachs conference call will focus on a topic that until recently was considered taboo among Wall Street luminaries.
Goldman Sachs thought about cryptocurrencies
The bank’s investors received an invitation to the conference which it is proposed to discuss current economic forecasts, as well as the impact of monetary policy on inflation, gold and bitcoin. This was tweeted by Mike Dudas, founder of The Block. it already fifteenth conference at theme macroeconomics and financial trends, and will take place on May 27 at 10:30 am ET (6:30 pm Moscow time).
The conference will be hosted by Sharmin Mossawar-Rami, Director of Investment at Goldman, and Jason Furman, Professor of Economics at Harvard Business School. Kennedy and Ian Hatzius, main Economist and Head of Global Research at Goldman Sachs.
Other details about Tom, what will happen at the event was not indicated in the invitation. And yet, based on the name, it is obvious that the bank plans to discuss with its clients a growth inflation, provoked by the policy of the Central Bank, as well as assess it effects for assets like gold and bitcoin.
The Fed is pushing the industry towards bitcoin
IN 2020, year, the Federal Reserve printed more 3 trillion dollars USA through programs quantitative mitigation and fiscal stimulus to support the economy during a pandemic. So way, balance Central bank increased nearly in two times only for the first quarter of this of the year. Other regulators on all the world is taking similar action.
Proponents of a tight monetary policy argue that the Fed has thereby created the conditions for a sharp rise in inflation. Limited Resource Assets such as gold and bitcoin are usually in demand amid the devaluation of fiat of money. This is due to the fact that investors seek to transfer their capital “hard assets” to avoid impairment. About this the famous investor Paula Tudor Jones, who admitted to being long in bitcoin futures.
He noted that the economic crisis, which left 40 unemployed million Americans, will be increase, and along with it, the role of bitcoin in quality hedging instrument. According to Jones, “the great monetary inflation “will lead to an unprecedented expansion of all forms of money. Nothing like this before It was.
who is next?
Apparently, Goldman Sachs experts are of the same opinion. In the past year bank investors received an unexpected recommendation buy bitcoin on the downturns. Now they received an invitation to discuss forecasts for this cryptocurrency. Several days earlier JPMorgan announced the opening of accounts for cryptocurrency exchanges. it large progress in legitimizing an industry that has a long time relations with banks did not work out.
Is it possible to consider the warming of attitudes towards bitcoin on the part of banks as favorable sign for the industry? Share his opinion in comments and join for discussion in our telegram channel.
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