Global investment bank Goldman Sachs has changed its home page to include crypto, metaverse, and digitization. “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies,” Goldman Sachs’ home page now reads.
Goldman Sachs home page now includes encryption and metaverse
Goldman Sachs has updated its home page to feature digitization, including cryptocurrencies and the metaverse. The bank home page now says:
From crypto to the metaverse, explore the megatrends that are reshaping economies.
Below the above message is a “Browse Topic” button that takes you to various resources Goldman has published on the metaverse, web 3.0, cryptocurrencies, the decentralized web, blockchain, and other topics related to the digital economy.
Many people on social media have expressed disbelief at Goldman Sachs’ decision to feature cryptocurrencies and the metaverse above other topics on its home page.
Several have pointed out that the global investment bank has come a long way from its original valuation of bitcoin and cryptocurrencies. In May 2020, Goldman Sachs said that bitcoin was not an asset class.
The bank brought back its bitcoin trading desk in March of last year and saw high institutional demand for BTC. In May, it formally established a cryptocurrency trading team and launched a derivatives trading desk for bitcoin. Analysts at Goldman Sachs said at the time that Bitcoin is now considered an investable asset. In June of last year, the bank expanded its cryptocurrency trading desk to include ether futures and options.
Earlier this week, Goldman Sachs executed its first crypto over-the-counter (OTC) transaction with Galaxy Digital. In January, analysts at the bank predicted that bitcoin could hit $100,000 as the cryptocurrency continues to wrest market share from gold.