Goldman Sachs Stands Firm Against Cryptocurrency Offerings
Goldman Sachs’ asset management investment chief, Sharmin Mossavar-Rahmani, revealed the bank’s decision against introducing crypto services, attributing this to client disinterest and the challenge of assessing Bitcoin’s genuine value.
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Goldman Sachs' asset management investment chief, Sharmin Mossavar-Rahmani, revealed the bank's decision against introducing crypto services, attributing this to client disinterest and the challenge of assessing Bitcoin's genuine value.
If you cannot assign a value, then how can you be bullish or bearish?
Sharmin questioned.
Additionally, she pointed out the irony in the crypto industry's push for decentralization, noting that the market is, in fact, dominated by a few large entities such as leading crypto exchanges, mining operations, venture capital investors, and some validator pools.
Her stance echoes that of JPMorgan's Jamie Dimon, another high-profile crypto skeptic. However, unlike Goldman Sachs, JPMorgan has chosen to make crypto services available to its clients.
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