Goldman Sachs CEO David Solomon Doesn’t Care About the Price of Bitcoin
during his recent interview with CNBCGoldman Sachs CEO David Solomon stressed that he remains optimistic on “digital disruption of financial infrastructure.”
He believes that blockchain and other cutting-edge technologies, some of which have yet to be developed, give financial institutions a lot of latitude to make that infrastructure more efficient. Goldman is looking for new and interesting ways to use blockchain technology.
Solomon is less enthusiastic about cryptocurrencies, which are the main application of blockchain technology.
Banker says the lack of regulation limits Goldman’s participation in the fast-growing sector.
“The regulatory construction doesn’t let us do much,” Solomon said.
Goldman has stressed that he does not have a strong view on any particular coin, including bitcoin. He also said that he did not care in which direction the price of the world’s largest cryptocurrency would move.
“At the end of the day, I don’t have a strong outlook,” Solomon insisted.
Last week, bitcoin fell to $25,000, its lowest level since December 2020, and then climbed back to $30,000. It is currently trading at $29,300 on major spot exchanges.Goldman’s Crypto Expansion
Despite its reservations about digital assets, Goldman continues to expand its crypto nets.
As U.Today reports, one of the biggest Wall Street banks has launched its first bitcoin loan.
In March, the bank announced its first over-the-counter cryptocurrency trading with Mike Novogratz’s Galaxy Digital.
In early 2021, Goldman relaunched its cryptocurrency trading desk due to increased demand.