During recent times interview In an interview with CNBC, David Solomon, CEO of banking giant Goldman Sachs, opined that Bitcoin would not pose a threat to the US dollar.
“I don’t see bitcoin as a threat to the US dollar,” he told CNBC’s Andrew Ross Sorkin.
Solomon described Bitcoin as an “interesting speculative asset,” but appears unwilling to embrace cryptocurrency.
“At the end of the day, I’m a big believer in the US dollar. I think the US dollar is very important. And Bitcoin…is an interesting speculative asset,” he said.
Blockchain, the underlying technology of Bitcoin, is something the bank has spent a lot of time on, Solomon said.
Goldman’s president says the bank is using and testing this technology to create less friction within the financial system.
However, the bank cannot participate in Bitcoin due to regulatory restrictions.
“If the world changes, you and I can have a discussion about it,” he said.
Solomon, who was appointed CEO of the bank in 2018, has repeatedly praised blockchain technology. like Reported by U. TodayHe opined that this technology could make financial infrastructure more efficient while admitting that he did not actually have a strong view on cryptocurrencies.
Growth-oriented agenda
Solomon also weighed in on the state of the US economy, claiming that it was in “very good shape.”
He also added that people are more optimistic about managing a growth-oriented agenda.
“We will free up some investments, and we will open the private sector a little more, and that will be constructive,” he said.
