Goldman Sachs CEO Doesn’t Own Bitcoin
David Solomon sat down with CNBC where the CEO shared his thoughts regarding the cryptocurrencies that are shaking up the investing space. When asked if he owned any Bitcoin or Ethereum, Solomon revealed that he did not hold either of these digital aspects, despite Goldman Sachs offering clients exposure to the market.Related Reading | Bitcoin Open Interest Takes Second Largest Dump Of 2021
BTC drops to $48K | Source:
Blockchain Is More Important
Despite the CEO not owning cryptocurrencies himself, the technology associated with the space has not escaped his radar. Instead of bitcoin, the Goldman Sachs CEO said he was rather interested in the digital payments space, mainly how blockchain technology can be beneficial to this space. “I’m a big believer in the digitalization that is occurring, the disruption that is occurring, in the way financial services are delivered both for individuals and for institutions,” Solomon said.Related Reading | Despite Red Bitcoin, On-Chain Signals Flip Green
As for its reach, he added that this is a massive shift and Goldman Sachs is already trying to get in on it. Additionally, Solomon adds that bitcoin is not the key thing in this scenario. Rather the focus should be on how blockchain can aid in accelerating digitalization in the financial services sector. “I think that’s a big opportunity and we’re excited about that,” said the CEO. Blockchain technology has already managed to penetrate most industries, with the financial services industry being the most obvious one. Megabanks like and have all moved to expand their offerings to clients in the space.Featured image from CNBC, chart from TradingView.com