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Author Topic: [2018-02-27] Goldman Sachs Exec: Central Bank Cryptos Could Be Incredibly Useful  (Read 68 times)
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February 27, 2018, 11:38:06 PM

A senior executive for Goldman Sachs believes that cryptocurrencies - at least those that might one day be created by central banks - could be "incredibly useful."

Sharmin Mossavar-Rahmani, chief investment officer for Goldman's Private Wealth Management unit, spoke with Business Insider in an interview published Tuesday. During the conversation, Rahmani notably remarked that "we think cryptocurrencies in their current format, meaning that in the current incarnation, are in a bubble."

"The bitcoin prices are astronomical. Then we compare that to ether, and ether is even more astronomical," she went on to say. "So clearly, these valuations don't make sense to us."

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