The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding bitcoin and cryptocurrencies.
The chief investment officer of Goldman Sachs’ wealth management unit, Sharmin Mossavar-Rahmani, discussed her perspective on bitcoin and other cryptocurrencies in a Wall Street Journal interview last week. Mossavar-Rahmani has served as the chief investment officer of Goldman Sachs Wealth Management for the past 23 years.
She compared the recent crypto enthusiasm to the tulip mania of the 1600s, dismissing it as nothing more than a means of speculation.
Goldman Sachs launched its crypto trading desk in 2021. The bank currently offers cash-settled bitcoin and ether option trading along with CME-listed bitcoin and ether futures. It does not directly trade the underlying crypto assets.
