A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Global investment bank Goldman Sachs has changed its homepage to feature cryptocurrency, the metaverse, and digitalization. “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies,” Goldman Sachs’ landing page now says.
Goldman Sachs has updated its homepage to feature digitalization, including cryptocurrencies and the metaverse. The bank’s landing page now reads:
From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies.
Below the above message is an “Explore Topic” button that leads to a bunch of resources Goldman has published on the metaverse, web 3.0, cryptocurrency, decentralized web, blockchain, and other topics relating to the digital economy.
Many people on social media expressed their disbelief at Goldman Sachs’ move to feature crypto and the metaverse above other topics on its homepage.
Several pointed out that the global investment bank has come a long way from its original assessment of bitcoin and cryptocurrency. In May 2020, Goldman Sachs said bitcoin was not an asset class.
The bank brought back its bitcoin trading desk in March last year and saw huge institutional demand for BTC. In May, it formally established a cryptocurrency trading team and launched a derivatives trading desk for bitcoin. Goldman Sachs’ analysts said at the time that bitcoin is now considered an investable asset. In June last year, the bank expanded its cryptocurrency trading desk to include ether futures and options.
Earlier this week, Goldman Sachs executed its first over-the-counter (OTC) crypto transaction with Galaxy Digital. In January, the bank’s analysts predicted that bitcoin could reach $100,000 as the cryptocurrency continues to take gold’s market share.
As for the metaverse, Goldman Sachs said in January that it sees the metaverse as an $8 trillion opportunity.
What do you think about Goldman Sachs featuring crypto and the metaverse on its homepage? Let us know in the comments section below.
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