Goldman Sachs CEO: "I personally hold a very small amount of Bitcoin (BTC)… will consider expanding involvement if regulations ease"

Source
JH Kim

Summary

  • David Solomon, CEO of Goldman Sachs, said he personally holds a small amount of Bitcoin (BTC).
  • Solomon said that if the regulatory environment eases, Goldman Sachs could revisit expanding its participation in the digital-asset (crypto) market.
  • He said market evolution is being driven by large technology platforms and tokenization, and that the firm could revisit the issue if regulators grant companies more discretion.

David Solomon, CEO of Goldman Sachs, said he personally holds a small amount of Bitcoin (BTC). He added that if the regulatory environment is relaxed, the firm could revisit expanding its participation in the digital-asset (crypto) market.

According to digital-asset news outlet CoinDesk on the 18th (local time), Solomon, speaking at the World Liberty Forum, said, "As part of a broad interest in how technology is reshaping finance, I am closely watching Bitcoin," adding, "I am trying to understand Bitcoin’s moves."

He went on to say, "The evolution of markets is being driven by large technology platforms, and tokenization will play a central role."

Responding to claims that traditional financial institutions and digital-asset firms are in a zero-sum relationship, he dismissed them, saying, "Each has its own system. There may be differences of opinion, but you just have to approach it the right way."

He also explained that, compared with JPMorgan and Morgan Stanley, Goldman Sachs’ involvement in digital-asset businesses has been limited, saying, "The main reason was regulation. Until not long ago, the regulatory framework was overly strict," and added, "If regulators begin to grant companies more discretion, we can revisit it."

Photo=Shutterstock
Photo=Shutterstock
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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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