Saturday, March 6, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

9 months ago
in Gold
4 min read
Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges
Share on FacebookShare on Twitter

Related articles

The Best Bitcoin IRA Companies for 2021

The Best Bitcoin IRA Companies for 2021

March 6, 2021
Could Bitcoin evolve into an ‘e-gold’ asset class

Could Bitcoin evolve into an ‘e-gold’ asset class

March 5, 2021


Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation.

Goldman Sachs’ Bitcoin Call for Clients

New York City-headquartered investment bank Goldman Sachs is hosting a call for clients on May 27 entitled “US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin.” Goldman Sachs’ Investment Strategy Group, part of the firm’s Consumer and Investment Management Division, has issued a notice inviting clients to the call where they can learn about bitcoin.

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.

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

Two other economists will join her for the call. One is Jason Furman, former chairman of the Council of Economic Advisers and professor at Harvard Kennedy School (HKS). The other is Jan Hatzius, Goldman Sachs’ chief economist and head of Global Economics and Markets Research. According to the firm, Hatzius is also a two-time winner of the Lawrence R. Klein Award for the most accurate U.S. economic forecast, including during the global financial crisis.

Goldman Sachs Schedules Bitcoin Call Amid Rising Institutional Demand for Cryptocurrency

Cryptocurrencies, particularly bitcoin, have been gaining interest among institutional investors. A recent report by PWC and Elwood Asset Management shows that cryptocurrency hedge funds’ assets under management have been growing steadily, rising more than $2 billion at the end of last year. “I expect the crypto hedge fund industry to grow significantly over the coming years,” PWC partner and global crypto leader Henri Arslanian said.

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. The average weekly investment in the first quarter was $29.9 million in Q1 2020, a substantial increase from $3.2 million in the same time period last year. Grayscale CEO Barry Silbert hinted that the purchase in the second quarter will be even higher. “Just wait until you see Q2,” he tweeted.

An increasing number of billionaire investors are also increasing their investment portfolios’ exposure to bitcoin or recommending bitcoin as a hedging strategy. Among them are Virgin Galactic chairman Chamath Palihapitiya, Galaxy Digital CEO Michael Novogratz, and famous…



Read more:Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

Tags: Bitcoinbitcoin news todayCallCryptocurrencyGoldmanHostingInstitutionalInterestSachssurges

Related Posts

The Best Bitcoin IRA Companies for 2021

The Best Bitcoin IRA Companies for 2021

by Bitcoin Market
March 6, 2021
0

Final Verdict  As more firms allow their clients to add alternative assets like Bitcoin to their IRAs, understanding which...

Could Bitcoin evolve into an ‘e-gold’ asset class

Could Bitcoin evolve into an ‘e-gold’ asset class

by Bitcoin Market
March 5, 2021
0

He said: “Even after multiple tweaks to its blockchain technology, the Bitcoin network is still limited to below 10...

Best PSUs For Crypto Mining: Reliable Power Supplies for Ethereum

Best PSUs For Crypto Mining: Reliable Power Supplies for Ethereum

by Bitcoin Market
March 5, 2021
0

Cryptocurrency Mining has become extremely popular again lately, with many people looking to optimize their existing GPUs for mining...

Bitcoin ETF Competition Heats Up as Crypto Trust Eyes Conversion

Bitcoin ETF Competition Heats Up as Crypto Trust Eyes Conversion

by Bitcoin Market
March 4, 2021
0

Less than a month after the first Bitcoin exchange-traded fund debuted in Canada, a Toronto-based asset manager is looking...

RIP gold. Killed by Bitcoin

by Bitcoin Market
March 4, 2021
0

Some interesting tweets from various financial mavericks overnight on the ongoing gold versus Bitcoin debate. Pater Schiff versus Mark...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

March 6, 2021
The Best Bitcoin IRA Companies for 2021

The Best Bitcoin IRA Companies for 2021

March 6, 2021
HWI And Hardware Wallet Integration In Bitcoin Core

HWI And Hardware Wallet Integration In Bitcoin Core

March 6, 2021
Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

March 6, 2021

China’s Plan for Digital Yuan Imperils Bitcoin’s Biggest Markets – BNN Bloomberg

March 6, 2021
22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months

22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months

March 6, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$48,705.002.76%
  • bitcoin-cashBitcoin Cash(BCH)$495.551.60%
  • binance-coinBinance Coin(BNB)$225.311.19%
  • bitcoin-goldBitcoin Gold(BTG)$28.435.70%
  • bitcoin-privateBitcoin Private(BTCP)$0.693112.74%
  • blocktixBlocktix(TIX)$0.0140.00%