On May 27, the popular American multinational investment and financial services, Goldman Sachs, will launch a conference call with a focus on the American policies for inflation and its relation with Bitcoin and gold.
The news came from Mike Dundas who claimed that Goldman Sachs’ conference call would be hosted by Sharmin Mossavar-Rahmani who became famous after previously he claimed that cryptocurrencies are not good enough as currencies. This news was seen as a complete U-turn and change of heart from Mossavar-Rahmani.
Goldman Sachs Is Not The First Company To Do A U-Turn On Bitcoin
In the past few years, the crypto enthusiasts have tried to convince Goldman Sachs to embrace Bitcoin. While Goldman Sachs themselves have never been hostile toward cryptocurrencies, this news was still seen as a big u-turn and accomplishment for crypto institutional adoption efforts.
Goldman Sachs is not the only one that starts to embrace cryptocurrencies in recent time. JPMorgan also announced that it would start to provide banking services to crypto exchanges in the United States.
At the beginning of May, Paul Tudor Jones (the famous hedge fund billionaire) also claimed that he is investing in Bitcoin because he’s sceptical about central banks’ plan to keep printing fiat in the time of the pandemic.
Source: Cointelegraph
