Goldman Sachs CEO Clarifies His Stance on Bitcoin

Goldman Sachs CEO David Solomon clarified his stance on Bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on Bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on the other side as to whether or not bitcoin would be something that’s around.” Meanwhile, Goldman Sachs continues to deepen its involvement in the crypto space.

David Solomon’s Stance on Bitcoin

Goldman Sachs CEO David Solomon clarified his position on bitcoin during a CNBC interview with Squawk Box co-anchor Andrew Sorkin, who reminded Solomon of his earlier reservations about bitcoin and inquired if the crypto’s rising prominence indicates its permanence in the financial landscape.

Sorkin pointed out bitcoin’s volatility, highlighting a drop from $70,000 to $66,000 in one morning, and mentioned its emergence as a political issue, with figures like former U.S. President Donald Trump and U.S. Vice President Kamala Harris engaging with the crypto community.

“Does this mean that crypto is here to stay? I know a couple of years ago I think you were on the other side of where Bitcoin might ultimately land,” Sorkin asked the Goldman Sachs CEO. Solomon replied:

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