Multinational investment bank Goldman Sachs will be hosting a Bitcoin call on May 27th for its clients.
The news was revealed Friday by The Block’s Mike Dudas, who shared the image below of an invitation to a call for May 27th entitled “Implications of Current Policies for Inflation, Gold, and Bitcoin.”
Image of an invitation to a Bitcoin- and gold-related call by Goldman Sachs shared by CEO of The Block, Mike Dudas.
The call hasn’t even happened and some have postulated what this indicates and what could transpire in the wake of this call.
The Goldman Sachs Call Is Bullish for Bitcoin
Although the Goldman Sachs call has yet to transpire and it’s unclear what exactly the firm will say about Bitcoin, many in the space have taken the news as a positive sign.
A commentator on institutional trends in the cryptocurrency space said that the existence of this call confirms there is true client demand for BTC.
“The fact that BTC is included tells you they are seeing substantial client interest.”
Amazing to see this CIO of Goldman discuss Bitcoin – who would have thought a few years ago! pic.twitter.com/gssQcijmnr
— Henrik Andersson (@phenrikand) May 23, 2020
That’s not to say Goldman Sachs will be bullish on Bitcoin when the call comes around, though.
Sharmin Mosszvar-Rahmani, a Chief Investment Officer of the Investment Strategy Group at Goldman Sachs, has previously expressed bearish opinions about the efficacy of Bitcoin as an investment.
She wrote in a report published in 2018 that she believes cryptocurrencies “do not fulfill any of the three traditional roles of a currency,” before adding:
“Our view that cryptocurrencies would not retain value in their current incarnation remains intact and,