Goldman Sachs Executives: No Faith in Cryptocurrencies, Our Clients Also Show No Interest in Investment

Wall Street giants including BlackRock and Fidelity have accepted Bitcoin and launched funds in January, making it easier for ordinary investors to invest in the cryptocurrency. Some financial advisors have also started recommending their clients to include cryptocurrencies in their investment portfolios. However, Sharmin Mossavar-Rahmani, the Chief Information Officer of Goldman Sachs Wealth Management, who has always been skeptical of cryptocurrencies, does not seem to find them as attractive. According to The Wall Street Journal, Sharmin Mossavar-Rahmani stated in an interview that she compares her recent enthusiasm for cryptocurrencies to the Tulip Mania in the 17th century, and even after the recent surge in cryptocurrency prices, her clients are not interested in getting involved with this asset.

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