Goldman Sachs launches digital insights feature on its homepage

Goldman Sachs launched a special topic of digital insights on its official website on the 24th to explore the major trends that are reshaping the economy, such as cryptocurrency and the metaverse. The topic includes four major themes: the metaverse and Web3, the European digital economy, blockchain and decentralized networks, and digital disruptors. Each theme is introduced with multiple related reports, articles, or audio-visual programs.

On the 24th, the homepage of Goldman Sachs' official website launched a special topic titled Digitalization: From Cryptocurrency to Metaverse, exploring insights into major trends that are reshaping the economy. In this special topic, there are four major themes: Metaverse and Web3, European digital economy, blockchain and decentralized networks, and digital disruptors. Each theme will be accompanied by multiple related reports, articles or audio-visual programs for introduction.

Four exploration themes

On the topic of Metaverse and Web3, Goldman Sachs provided two podcast dialogue special programs, namely the next technology battlefield: online games and the Metaverse, and understanding the Metaverse and Web3.0. It also provided the report "Building the Future of Web3.0: Metaverse Version" released by Goldman Sachs in December last year, exploring topics such as how the Metaverse will evolve.

On the theme of European digital economy, Goldman Sachs provides 1 special article, "How long will the semiconductor shortage last?", and 2 special videos, "Europe's digital economy is at a turning point" and "Unicorns and unicorn-to-be: What is driving the remarkable growth of Europe's technology industry?".

In blockchain and decentralized networks, Goldman Sachs provided two research reports, Digital Assets: Beauty is in the Eyes of the Beholder and Cryptocurrency: A New Asset Class, as well as a special article Digital Bonds on the Blockchain, an infographic Blockchain + Capital Markets: Ushering in a New Era of Speed ​​and Transparency, a podcast program Market Update: Cryptocurrency Trading, and a special video What’s Next for Central Bank Digital Currency.

On the theme of digital disruptors, Goldman Sachs highlighted some digital company leaders, including Fox&Sheep founder Verena Pausder, Twilio co-founder and CEO Jeff Lawson, Everfi founder and CEO Tom Davidson, Chime co-founder and CEO Chris Britt, Databricks co-founder and CEO Ali Ghodsi, Bumble founder and CEO Whitney Wolfe Herd, etc.

Goldman Sachs U-turn

According to CryptoSlate, Goldman Sachs, which had harshly criticized cryptocurrencies several years ago, now provides cryptocurrency and digitalization topics on its official website homepage. This move surprised the market. Many market participants believe that this is a sign that Goldman Sachs is extremely optimistic about the cryptocurrency field.

Jay Hao, CEO of cryptocurrency exchange OKX (formerly OKEx), shared a picture of Goldman Sachs’ inconsistent attitude on Twitter and sarcastically said:

Goldman Sachs’ cryptocurrency stance

2017: (Goldman Sachs CEO warns: Bitcoin is a tool for scammers)

2022: (Goldman Sachs official website launches digital insights special topic)”

BlockTower general partner Mike Bucella revealed on Twitter that Goldman Sachs recently conducted a digital asset survey among its 172 asset managers/high net worth clients and found that about 51% have invested in cryptocurrencies, 14% are interested in investing in DeFi tokens, and 60% of the clients surveyed expect to increase their holdings of cryptocurrencies in the next 1 to 2 years, of which 32% plan to increase their holdings significantly.

Currently, Goldman Sachs is seeking to enter the emerging digital asset derivatives market. According to CNBC, Goldman Sachs announced on the 21st that it had completed a Bitcoin derivative instrument Non-Deliverable Option (NDO) transaction with cryptocurrency investment bank Galaxy Digital in an over-the-counter (OTC) manner, becoming the first major bank in the United States to conduct cryptocurrency OTC transactions.

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