Goldman Sachs CEO Talks Bitcoin, Says It’s Not a Threat to the US Dollar, Calls it Speculative

Recently, Goldman Sachs CEO spoke at the World Economic Forum, making a huge statement that has sparked excitement among crypto enthusiasts. He shared the bank’s official stance on Bitcoin in the latest interview.

“I am a big believer in the US dollar. Bitcoin is an interesting speculative asset. I don’t see Bitcoin as a threat to the US dollar,” he said. 

Goldman Sachs CEO David Solomon responded to questions about Donald Trump’s proposed Bitcoin reserve strategy, stating that Bitcoin’s unpredictable market behavior goes against Goldman Sachs’ business approach. He also highlighted the company’s reliance on the dominance of the US dollar.

Although Goldman Sachs cannot directly own Bitcoin due to current regulatory restrictions, it is actively exploring blockchain technology. However, a shift in the regulatory framework or policy landscape could provide the firm with opportunities to explore cryptocurrency, he noted.

While he noted that at the end of the day, he is a big ‘USD believer’, he also called Bitcoin an ‘interesting speculative asset.’

Bitcoin Not A Threat To USD

Importantly, he shared that he does not see Bitcoin as a threat to the US Dollar. Besides, In a recent interview BlackRock CEO larry fink larry fink Larry Fink is the CEO of BlackRock and is a major promoter of the adoption of cryptocurrency. BlackRock has integrated Bitcoin into its investment approach introduced a Bitcoin ETF (Extra Traded Fund), and investigated blockchain’s possibilities in worldwide finance.   Quick Facts Full name Laurence Douglas Fink Birth 02-11-1952, Van Nuys, Los Angeles, California, United States Nationality American Education UCLA Anderson School of Management, University of California Marital status Married to Lori Fink Net worth $1.2 billion estimated   Fink delivered this bold remark in a recent interview, stating that Bitcoin's potential for rapid growth is significantly linked to concerns about economic recessions and the devaluation of fiat currencies.   Larry Fink - Career Highlights 1988 – Co-founded BlackRock, building it into a financial giant. 2017 – Initially dismissed Bitcoin as speculative hype. 2020 – Acknowledged Bitcoin’s potential as a global asset. 2021 – BlackRock began Bitcoin and crypto market exposure. 2023 – Launched BlackRock Bitcoin ETF for institutional investors. 2024 – Advocated asset tokenization using blockchain technology.   Fink characterized Bitcoin as a "global tool" that can alleviate regional economic anxieties. With BlackRock, he persists in influencing the future of cryptocurrency as a standard asset class. Awards & Recognitions of Larry Fink Year Institute Description 2018 Bloomberg Most Influential in Global Finance 2021 CoinDesk Institutional Crypto Pioneer Award 2022 Forbes Blockchain Innovator in Asset Management 2023 Crypto Expo Bitcoin ETF Leadership Award 2024 Consensus Tokenization Visionary of the Year   Useful Links to Connect WIth Larry Fink Platform Link X (formerly Twitter) twitter.com/blackrock LinkedIn linkedin.com/in/larryfink Bitcoin ETF ishares.com BlackRock blackrock.com EntrepreneurChief Executive OfficerChairman has said that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.

Recently, Hours before the highly anticipated inauguration of the 47th President of the United States Donald Trump, Bitcoin galloped to an all-time high to $109,000. It is currently trading at $104,428, down over 1% in the past day. 

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US- A Global Crypto Hub Soon?

Trump’s return to power is seen by many in the crypto community as the start of a new era, with hopes for greater recognition of decentralized currencies. Many anticipate that he will announce an executive order on crypto early in his administration, along with the creation of a crypto advisory council and a national bitcoin reserve.