Goldman Sachs to host bitcoin call. Goldman Sachs has invited its client to a call in which the ‘US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin’ will be the topic of conversation. The call will take place on May 27th 2020.
Sharmin Mossavar-Rahmani, Goldman Sachs’ head of Investment Strategy Group and chief investment officer for Wealth Management, will host the event. She is responsible for the firm’s overall strategic asset allocation and tactical investment strategy.
The call comes following the rising interest of cryptocurrency particularly bitcoin among institutional investors. Institutional investors have been gaining exposure to bitcoin and several other cryptocurrencies via Grayscale Investments’ products. The company revealed that the majority of its record-high investment in the first quarter (88%) came from institutional investors, dominated by hedge funds.
Most went into Grayscale Bitcoin Trust (GBTC). It was further revealed that the company bought a third of all bitcoin mined in three months.
[image: Wikimedia Commons]