Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12762
Markets: 99579
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12762
Cryptocurrencies
59.37%
Bitcoin Share
crypto.news 2025-01-23 11:26:51

Goldman Sachs CEO: ‘I don’t see Bitcoin as a threat to the U.S. dollar’

Goldman Sachs CEO: ‘I don’t see Bitcoin as a threat to the U.S. dollar’

Goldman Sachs Chairman David Solomon says he does not think Bitcoin is a threat to the dollar, stating he is a ‘big believer in the U.S. dollar’. In an interview with CNBC on Jan. 22, Goldman Sachs Chairman and CEO David Solomon called Bitcoin ( BTC ) an “interesting speculative asset,” admitting he was still very much a firm believer in the prospect of the U.S. dollar. “At the end of the day, I’m a big believer in the U.S. dollar. The U.S. dollar is super important. Bitcoin’s a speculative asset, an interesting speculative asset. I don’t think there is a lot more to say about it,” said Solomon. “I think there are others who might see it [as a threat]. But I don’t see Bitcoin as a threat to the U.S. dollar,” he continued. From a regulatory perspective, Solomon said the investment bank is currently unable to hold, trade or be involved directly with Bitcoin. “If the world changed, maybe we could have a discussion about it,” he said. You might also like: Goldman Sachs open to Bitcoin, Ethereum market His statements echoed his previous declaration in December when he said that Goldman Sachs would consider a broader presence in Bitcoin or Ethereum ( ETH ) if authorized by U.S. regulators. As President Donald Trump officially takes over from Joe Biden, many traders are optimistic that the new administration will bring a shift to attitudes towards the crypto market in the United States. Trump himself has promised to establish a national Bitcoin reserve during his campaign for president, further fueling the Bitcoin rally to reach a new all-time high of $109.020 ahead of his inauguration. When asked whether he hoped that conditions would change so that Goldman Sachs could hold Bitcoin, he said that he did not “have a lot to say about a speculation” on whether there will be big changes coming that could bring cryptocurrency like Bitcoin into the traditional financial systems. Despite his lack of faith in Bitcoin’s prospects, Solomon said that Goldman Sachs has been delving into and utilizing the blockchain technology behind Bitcoin. He emphasized the importance of Bitcoin’s underlying technology would be able to eliminate friction within the financial system. By November 2024, Goldman Sachs held approximately $718 million worth of shares in eight Bitcoin ETFs with a majority of them stored in BlackRock’s iShares Bitcoin Trust according to the investment firm’s SEC filing. Read more: Goldman Sachs owns more than $710m in Bitcoin ETF

Most Read News



Cryptohopper
Market Cap
24h Vol
59.37%
Bitcoin Share
331
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.