Beincrypto 3 weeks ago

Goldman Sachs CEO on Bitcoin: A “Speculative” Asset, Not a “Threat to US Dollar” 💼

Goldman Sachs US Dollar Bitcoin

In a CNBC interview, Goldman Sachs CEO David Solomon labeled Bitcoin a speculative asset, dismissing it as a threat to the US dollar. However, he acknowledged the importance of blockchain, its underlying technology. Solomon highlighted the bank’s engagement with blockchain to reduce financial frictions.

While Goldman Sachs is barred from owning Bitcoin due to regulatory hurdles, Solomon suggested the stance might shift if regulations evolve. Despite this, the bank has significant investments in Bitcoin ETFs, particularly BlackRock’s. Additionally, Goldman Sachs plans to create a new blockchain company.

Source: beincrypto.com ↗

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