Wall Street giants, including BlackRock and Fidelity, have embraced Bitcoin and launched funds in January to make it easier for retail investors to invest. Some financial advisors have also started recommending their clients to include cryptocurrencies in their investment portfolios. However, Sharmin Mossavar-Rahmani, the Chief Information Officer of Goldman Sachs’ wealth management division, who has always been skeptical of cryptocurrencies, does not seem to find them as intriguing. According to The Wall Street Journal, Mossavar-Rahmani compared her recent enthusiasm for cryptocurrencies to the Tulip Mania in the 17th century, and stated that even after the recent surge in cryptocurrency prices, her clients have no interest in getting involved with the asset.
