On May 27, Goldman Sachs will hold a telephone conference on the prospects for the US economy and the impact of the current crisis on assets such as gold and bitcoin.
The event will be hosted by Goldman’s Investment Strategy Group IT Director Sharmin Mossavar-Rahmani, Harvard University Economics Professor Jason Furman, and Goldman Sachs Chief Economist Jan Hatsius.
The news seems to be an essential milestone for the institutional recognition of cryptocurrency assets. Back in August 2018, Mossavar-Rahmani criticized cryptocurrencies as a means of payment.
In its customer announcements, Goldman Sachs always considered the voluntary participation of clients in cryptocurrency investments, and there was also a lot of talk about the bank launching the option of trading digital currencies.
The Goldman Sachs conference is planned amid leading financial institutions such as JPMorgan to start providing banking services to the US cryptocurrency exchanges Coinbase and Gemini.
Also, at the beginning of the month, hedge fund founder Paul Tudor Jones announced that he was buying bitcoins to hedge funds from inflation caused by the injection of additional dollars into the economy.