Picture of Goldman Sachs CEO David Solomon

Goldman Sachs has taken many stances on bitcoin and cryptocurrencies at massive prior to now, even going so far as offering buying and selling companies to its wealthier purchasers. Nonetheless, CEO David Solomon doesn’t appear as eager on the digital asset. In a latest interview on CNBC’s SquawkBox, the CEO sidesteps questions relating to bitcoin and his views on it.

Goldman Sachs CEO Doesn’t Personal Bitcoin

David Solomon sat down with CNBC the place the CEO shared his ideas relating to the cryptocurrencies which can be shaking up the investing house. When requested if he owned any Bitcoin or Ethereum, Solomon revealed that he didn’t maintain both of those digital points, regardless of Goldman Sachs providing purchasers publicity to the market.

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The CEO defined that bitcoin has not likely been on his radar nor did he know something concerning the digital asset. “My view on bitcoin, for instance, is that I actually don’t know, nevertheless it’s actually now one thing individually that’s necessary to me,” the CEO defined.

Goldman Sachs had jumped on the crypto practice again in Could after providing traders entry to non-deliverable forwards (NDFs). The agency has begun providing bitcoin NDFs right now after which added Ethereum in June to offer wider protection for its traders. Later that month, Goldman Sachs partnered with funding agency Galaxy Digital to commerce Bitcoin Futures.

When requested if he needs Goldman Sachs purchasers to enter crypto, Solomon gave an apparent but evasive reply. He explains that he needs the purchasers to do what they need. The CEO additionally added that some Goldman Sachs purchasers already take part within the house.

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Blockchain Is Extra Essential

Regardless of the CEO not proudly owning cryptocurrencies himself, the know-how related to the house has not escaped his radar. As an alternative of bitcoin, the Goldman Sachs CEO mentioned he was quite within the digital funds house, primarily how blockchain know-how might be helpful to this house.

“I’m a giant believer within the digitalization that’s occurring, the disruption that’s occurring, in the best way monetary companies are delivered each for people and for establishments,” Solomon mentioned.

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As for its attain, he added that it is a large shift and Goldman Sachs is already making an attempt to get in on it. Moreover, Solomon provides that bitcoin just isn’t the important thing factor on this situation. Slightly the main focus must be on how blockchain can support in accelerating digitalization within the monetary companies sector. “I feel that’s a giant alternative and we’re enthusiastic about that,” mentioned the CEO.

Blockchain know-how has already managed to penetrate most industries, with the monetary companies trade being the obvious one. Megabanks like JPMorgan and Morgan Stanley have all moved to develop their choices to purchasers within the house.

Featured picture from CNBC, chart from TradingView.com