Goldman Sachs Analyst on Blockchain Technology and Asset Ownership
Large companies are currently zooming in on the potential applications of blockchain technology on various industries. In the financial industry, online retail giant Overstock has begun experimenting with cryptosecurities and a trade settlement system based on blockchain technology. For Goldman Sachs analyst Heath Terry, the distributed public ledger could have "massive implications" for asset and ownership transfers. In Honduras, the government has enlisted the help of blockchain technology companies to create a secure land registry and seems to be enjoying its advantages so far.....
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A Goldman Sachs analyst has revealed further insight into the global investment banking giant's developing thesis on bitcoin and blockchain technology. In a podcast released this summer and highlighted by a recent New York Times piece, global investment research analyst Heath Terry addressed both bitcoin and the blockchain, praising the distributed ledger as a technology that would have "massive implications" for asset and ownership transfer. "We're first pitch, first inning in terms of seeing how companies are going to use the technology," Terry said, adding: "It's fascinating in really....
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset class,” said Goldman Sachs’ analyst. Goldman Sachs Now Considers Bitcoin an Investable Asset Goldman Sachs published a research note on cryptocurrency this week stating that bitcoin has become an investable asset, a reverse of its earlier stance. Mathew McDermott, the bank’s global head of digital assets, wrote: Bitcoin is now....
Heath Terry has said it would be "hard to see a world where blockchain technology doesn't change the way we think about asset ownership." A research analyst from Goldman Sachs who has previously spoken favorably about Bitcoin and blockchain technology will reportedly be joining New York-based asset management firm Third Point.According to a Reuters report today, Third Point hired Heath Terry, a managing director of Goldman Sachs’ tech division. He has been with the investment firm for ten years and will reportedly becoming part of Third Point’s team handling venture investments.Terry has....
The big question is whether or not patents have a rightful place in the blockchain world. Goldman Sachs is quite an intriguing financial institution. Even though they rejected Bitcoin and its technology for some time, they now want to go all-in on the blockchain. A new patent filing goes to show the group is working on blockchain-based forex trading. Quite an interesting development, although patenting it may not be the right course of action. Blockchain technology is designed to be an open standard, which anyone can use and improve upon. The Bitcoin source code follows that same concept,....
Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows.
Goldman Sachs’ Bitcoin vs Gold Prediction
Goldman Sachs analyst Zach Pandl, co-head of global foreign exchange strategy, outlined the future outlook for bitcoin in a research note to clients Tuesday.
The Goldman Sachs analyst expects that bitcoin will continue to take market share away from gold in 2022 as cryptocurrencies become more widely adopted. The....