Sharmin Musaver-Rahmani, the Chief Investment Officer of Goldman Sachs Wealth Management for 23 years, has been skeptical of digital currencies for a long time. Despite her market predictions and her firm stance on crypto being too volatile and lacking inherent value, a cryptocurrency enthusiast approached her to question her negative position. However, Musaver-Rahmani remains unconvinced and believes investing in crypto is still speculative.
Even as the price of Bitcoin has soared, Musaver-Rahmani feels no pressure to change her mind. She has been vocal in her criticism of crypto, publishing articles outlining her concerns about its lack of reliability as a medium of exchange. Although she acknowledges the potential benefits of converting assets into digital tokens and the historical popularity of gold as an investment, she maintains that the inability to physically hold or store crypto assets and concerns about criminal activity facilitated by cryptocurrencies justify her continued skepticism.
Despite some disagreement with her views, Musaver-Rahmani stands by her assessment that cryptocurrency does not offer the necessary attributes to be considered a legitimate investment. As a leader in wealth management, her perspectives carry weight among clients and colleagues despite the evolving landscape of digital assets.
