Goldman Sachs to host a Bitcoin call for its clients

Written by: Ali Raza
May 23, 2020
  • Goldman Sachs, recently surprised the crypto industry by announcing a Bitcoin call.
  • The call is scheduled for May 27th, and it was only announced yesterday.
  • It is unknown what the bank plans to say, but many in the crypto industry are optimistic.

A new announcement by the multinational investment bank, Goldman Sachs, caused a wave of speculation throughout the crypto industry.

The news emerged only yesterday, May 22nd, revealing that the bank plans to host a Bitcoin call for its clients in about five days, on May 27th. The invitation was shared by The Block’s Mike Dudas, and it is titled ‘ US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.’

The announcement surprises the financial world’s officials

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Many in and out of the crypto industry were quite surprised by the development. In fact, the call barely happened, and the speculation regarding what this might mean already started.

So far, it remains unknown what the bank has in mind, or what it has to say about BTC. The call has yet to happen, but many believe that this will be a very positive development.

Many were also quick to share the invitation further and post their own comment on it, such as Apollo Capital’s CIO, Henrik Andersson. He stated that it is amazing to see Goldman Sachs discuss Bitcoin. He noticed that no one would have expected to ever see something like this only a short few years ago.

Meanwhile, others are speculating whether Goldman plans to be positive or negative on Bitcoin during the call. MacroScope commented on Twitter that the very fact that BTC is among the main topics means that there is major interest from Goldman’s clients.

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Goldman Sachs’ new interest comes at a curious time

The community also noticed a curious timing of Goldman’s decision to start addressing the crypto industry. Earlier this month, a legendary hedge fund manager, Paul Tudor Jones, admitted to having plans to invest a certain amount in BTC. He admitted as much due to the central bank’s unlimited money printing statements, which caused many to reconsider relying on USD to keep their wealth intact.

Jones commented by saying that “Owning Bitcoin is a great way to defend oneself against the Great Monetary Inflation, given the current fact set… I am not an advocate of Bitcoin ownership in isolation, but do recognize its potential in a period when we have the most unorthodox economic policies in modern history.

This might be the event that sparked the bank’s interest in crypto for the first time since the bull run of 2017. However, as mentioned, there is no way to know what the bank actually thinks and plans to do before the call comes to pass.