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Goldman Sachs Holds $710M in Bitcoin ETFs While CEO Downplays Dollar Threat Blockonomi 3 weeks ago

Goldman Sachs Holds $710M in Bitcoin ETFs While CEO Downplays Dollar Threat 🏦

Goldman Sachs CEO David Solomon has stated that Bitcoin does not pose a threat to the US dollar, describing it as a "speculative asset." This assertion comes as Bitcoin hits a new all-time high of $108,786 ahead of former President Trump's inauguration.

Despite Solomon's remarks, Goldman Sachs holds $710 million in BlackRock's Bitcoin ETF and maintains investments in other crypto funds. The bank's involvement in Bitcoin appears to contradict the CEO's comments about its threat level.

There is speculation that Trump may establish an "America-first" strategic Bitcoin reserve, indicating potential government interest in cryptocurrency.

Source: blockonomi.com ↗

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