Goldman Sachs’ (GS) move into crypto is not a real game changer but a positive and very important signal to all investors and asset management firms that crypto has to be part of any investor’s portfolio. Investing in crypto must become a part of your very well diversified overall investment portfolio. Why? The answer is very simple: When Goldman speaks, everyone listens, including the highest level of the government.
Goldman Sachs is not the biggest asset management firm in the world but its involvement is very important for the crypto world because there is a bipartisan revolving door between the White House and Goldman that never stops spinning. Goldman’s reach into the policymaking sphere is large. The views and beliefs of Goldman Sachs tend to be reflected by the government. That is why it is of importance when Goldman is embracing crypto.
GS’s crypto involvement shows crypto is here for the long term and hat is the signal that investors, small or big, must pay attention to.
Sven Franssen