Banking giant Goldman Sachs’ CEO David Solomon has once again shared new statements about the US dollar and the rising Bitcoin supremacy. Solomon stated how the bank is still reluctant to explore crypto from a regulatory perspective. The GS CEO later asserted that he is betting big on the US dollar, touting Bitcoin as an “interesting speculative asset.”
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Goldman Sachs’ Stance on Cryptocurrency
While speaking to Andrew Ross Sorkin of CNBC, Goldman Sachs CEO David Solomon shared his honest thoughts about the rising cryptocurrency narrative. As the US political domain inches closer to establishing a positive crypto market narrative, Solomon shared how the bank’s regulatory approach does not allow the entity to hold crypto.
“The world changed; you and I could have a discussion about it,” he said.
The aforementioned sentiment had earlier been echoed by Solomon in December 2024, when his comments about not divulging into Bitcoin impacted BTC to fall dramatically.
“If the regulatory structure changes, we would evaluate that, but at the moment we’re not permitted to,” he stated earlier.
When asked about Trump’s rising inclination toward establishing a Bitcoin reserve, Solomon stated how the said development may influence the bank’s current ordeal.
“Well, first, you know, we’ve had this conversation a number of times. The underlying technology is something we spend a lot of time on. It’s something that we’re utilizing and testing to create less friction in the financial system. Super important,” Solomon shared.
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Solomon Believes In USD Hegemony
The Goldman Sachs chief later clarified that he is a big US dollar believer and does not consider Bitcoin a threat to the US dollar dominion.
“At the end of the day, I’m a big believer in the U.S. dollar. “I do not think Bitcoin is a threat to the U.S. dollar.” Others might, [but] I don’t see Bitcoin as a threat to the U.S. dollar.” Solomon shared
Adding more to the narrative, Solomon asserted how he believes Bitcoin is an interesting speculative asset that does not necessarily pose harm to the USD in any way.
“Bitcoin is a speculative asset, an interesting speculative asset. I don’t think there’s a lot more to ask about this, though.” Goldman Sachs chief reiterated
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