As the Chief Investment Officer of Goldman Sachs Wealth Management for 23 years, Sharmin Musaver-Rahmani has a wealth of experience in defending her position and guiding many advisors, clients, and traders. Recently, an intern at Goldman Sachs questioned her about cryptocurrencies and was met with skepticism from Musaver-Rahmani. Despite being known for her accurate market predictions, she remains skeptical about the decentralized cryptocurrency market, even as the value of bitcoin has skyrocketed this year.
Musaver-Rahmani’s background as an immigrant from Iran shapes her appreciation for democracy and the rule of law, which influences her views on cryptocurrencies. She believes in the role of policymakers and government institutions, despite their flaws. In addition, she is critical of the crimes enabled by cryptocurrencies and advocates for systems of checks and balances.
Despite some experts arguing in favor of cryptocurrencies’ value, Musaver-Rahmani remains steadfast in her skepticism. She believes that bitcoin, like other cryptocurrencies, does not create tangible value and is driven by a few individuals despite claims of democratizing finance. While others see them as a viable investment channel, Musaver-Rahmani compares them to other assets like gold that are difficult to value but historically popular.
Ultimately, Musaver-Rahmani does not see cryptocurrencies as a worthwhile investment and stands by her views despite rising interest in them within the financial industry. While others may differ from her position, she feels no pressure to change it due to her expertise and experience in investing.
