Throughout a current interview with CNBC, David Solomon, chief govt officer at banking big Goldman Sachs, opined that Bitcoin is not going to pose a risk to the U.S. greenback.
“I don’t see Bitcoin as a risk to the US greenback,” he advised CNBC’s Andrew Ross Sorkin.
Solomon described Bitcoin as an “attention-grabbing speculative asset,” however he’s seemingly not able to embrace the cryptocurrency.
“On the finish of the day, I’m a giant believer within the U.S. greenback. I feel that the U.S. greenback is tremendous essential. Bitcoin is…an attention-grabbing speculative asset,” he stated.
Solomon has said that blockchain, Bitcoin’s underlying expertise, is one thing that the financial institution has spent lots of time on.
The Goldman boss says that the financial institution is using and testing this expertise to create much less friction throughout the monetary system.
Nevertheless, the financial institution can’t be concerned in Bitcoin attributable to regulatory constraints.
“If the world modified, you and I might have a dialogue about it,” he stated.
Solomon, who was appointed because the financial institution’s CEO again in 2018, has repeatedly praised blockchain. As reported by U.Right now, he opined that this expertise might make the monetary infrastructure extra environment friendly whereas admitting that he didn’t even have a robust view on cryptocurrencies.
A growth-oriented agenda
Solomon has additionally weighed in on the state of the U.S. financial system, claiming that it’s in “a fairly fine condition.”
He has additionally added that persons are extra optimistic about operating a growth-oriented agenda.
“We’re going to unencumber some funding, we will unlock the non-public sector a bit extra, and it may be constructive,” he stated.