Goldman Sachs CEO David Solomon recently shared his views on Bitcoin (BTC) and the state of the U.S. economy during an interview with CNBC in Davos.
Solomon expressed optimism about the economy, noting its resilience as the new administration begins its term.
He emphasized that upcoming government policies will play a key role in shaping interest rates and overall economic trends.
Addressing Bitcoin’s role in the financial system, Solomon dismissed the idea that it poses a threat to the U.S. dollar.
He reaffirmed his confidence in the dollar’s stability and described Bitcoin as a speculative asset, rather than a currency capable of challenging the dominance of traditional fiat systems.
Solomon also hinted at a potential shift in Goldman Sachs’ stance on cryptocurrencies, acknowledging that if regulatory frameworks evolve, the firm might consider exploring Bitcoin and Ethereum markets.
While Solomon has been a vocal critic of Bitcoin in the past, his comments suggest a cautious openness to adapting as the regulatory landscape changes.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.