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TechFlow news — Goldman Sachs Chief Investment Officer Mossavar-Rahmani told The Wall Street Journal that he does not consider cryptocurrency to be an investment asset class, and emphasized that Goldman Sachs firmly believes cryptocurrencies have no intrinsic value. He added that the bank's clients show no interest in engaging with Bitcoin, and have not expressed any demand for exposure to this asset class even after its recent price surge.
Goldman Sachs' Chief Investment Officer Mossavar-Rahmani told The Wall Street Journal that he does not consider cryptocurrency an investment asset class, and Goldman firmly believes that cryptocurrencies have no value. He added that Goldman's clients want nothing to do with bitcoin and have shown no interest in the asset class even after its most recent price surge.
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