Goldman Sachs CEO Calls Bitcoin Speculative, But Firm Expands Crypto Activities
David Solomon, CEO of Goldman Sachs, remains cautious about Bitcoin and other cryptocurrencies, describing them as speculative investments with no clear use.
In an interview , Solomon acknowledged the interesting potential of the underlying technology to reduce “friction” in the financial system as digitization increases.
He acknowledged that there could be a use case for Bitcoin for the purpose of “storing value“, though he refrained from extensive speculation on its price.
Despite Solomon’s conservative stance, Goldman Sachs continues to expand its reach in the crypto space. In 2021, the company launched a crypto desk, and Solomon suggested that Bitcoin could eventually surpass gold’s market cap.
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Who is the Real Enemy of Bitcoin and Humanity?Goldman’s involvement in the cryptocurrency sector is notable. In 2024, the company participated in the testing of the Canton Network, an interoperable platform for institutional assets developed by Digital Asset Holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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