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Goldman Sachs CEO: Bitcoin and the Dollar

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by A1

3 hours ago

In a recent CNBC interview, Goldman Sachs CEO David Solomon shared his views on Bitcoin's role in the financial world.

Goldman Sachs and Bitcoin

David Solomon stated that Bitcoin is an interesting speculative asset, but he does not see it as a threat to the dollar. Discussions also pertain to the possibility of Goldman Sachs engaging in Bitcoin trading or reserves.

Regulatory Limitations

Solomon emphasized that the bank is currently constrained by regulations and cannot engage with Bitcoin. However, Goldman Sachs is exploring blockchain technology to enhance financial systems' efficiency.

At the moment, from the regulatory perspective, we can’t own, we can’t be involved with BitcoinDavid Solomon

Bitcoin and the Financial System

The discussion about Bitcoin's impact on the global financial system often centers on its potential to undermine the dollar. Nonetheless, Goldman Sachs is actively investing in Bitcoin-related financial products.

While interest in cryptocurrencies grows, Solomon expresses his trust in the dollar, describing Bitcoin as a speculative asset.

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