{"id":478575,"date":"2021-12-09T17:00:15","date_gmt":"2021-12-09T17:00:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=478575"},"modified":"2024-06-11T14:09:42","modified_gmt":"2024-06-11T14:09:42","slug":"goldman-sachs-ceo-sidesteps-bitcoin-inquiries-says-blockchain-is-more-important","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/goldman-sachs-ceo-sidesteps-bitcoin-inquiries-says-blockchain-is-more-important\/","title":{"rendered":"Goldman Sachs CEO Sidesteps Bitcoin Inquiries, Says Blockchain Is More Important"},"content":{"rendered":"
Goldman Sachs has taken many stances on bitcoin and cryptocurrencies at large in the past, even going as far as providing trading services to its wealthier clients. However, CEO David Solomon does not seem as keen on the digital asset. In a recent interview on CNBC\u2019s SquawkBox<\/a>, the CEO sidesteps questions regarding bitcoin and his views on it.<\/p>\n 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.<\/p>\n Related Reading |\u00a0Bitcoin Open Interest Takes Second Largest Dump Of 2021<\/a><\/strong><\/em><\/p>\n The CEO explained that bitcoin has not really been on his radar nor did he know anything about the digital asset. \u201cMy view on bitcoin, for example, is that I really don\u2019t know, but it\u2019s really now something individually that\u2019s important to me,\u201d the CEO explained.<\/p>\n Goldman Sachs had jumped on the crypto train back in May after offering investors access to non-deliverable forwards (NDFs)<\/a>. The firm has begun offering bitcoin NDFs at this time and then added Ethereum in June to provide wider coverage for its investors. Later that month, Goldman Sachs partnered with investment firm Galaxy Digital to trade Bitcoin Futures<\/a>.<\/p>\n When asked if he wants Goldman Sachs clients to go into crypto, Solomon gave an obvious yet evasive answer. He explains that he wants the clients to do what they want. The CEO also added that some Goldman Sachs clients already participate in the space.<\/p>\n <\/p>\n 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.<\/p>\n \u201cI\u2019m 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,\u201d Solomon said.<\/p>\n Related Reading |\u00a0Despite Red Bitcoin, On-Chain Signals Flip Green<\/a><\/strong><\/em><\/p>\n 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. \u201cI think that\u2019s a big opportunity and we\u2019re excited about that,\u201d said the CEO.<\/p>\n Blockchain technology has already managed to penetrate most industries, with the financial services industry being the most obvious one. Megabanks like JPMorgan<\/a> and Morgan Stanley<\/a> have all moved to expand their offerings to clients in the space.<\/p>\n Goldman Sachs has taken many stances on bitcoin and cryptocurrencies at large in the past, even going as far as providing trading services to its wealthier clients. However, CEO David Solomon does not seem as keen on the digital asset. In a recent interview on CNBC\u2019s SquawkBox, the CEO sidesteps questions regarding bitcoin and his views on it. Goldman Sachs CEO Doesn\u2019t 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 |\u00a0Bitcoin Open Interest Takes Second Largest Dump Of 2021 The CEO explained that bitcoin has not really been on his radar nor did he know anything about the digital asset. \u201cMy view on bitcoin, for example, is that I really don\u2019t know, but it\u2019s really now something individually that\u2019s important to me,\u201d the CEO explained. Goldman Sachs had jumped on the crypto train back in May after offering investors access to non-deliverable forwards (NDFs). The firm has begun offering bitcoin NDFs at this time and then added Ethereum in June to provide wider coverage for its investors. Later that month, Goldman Sachs partnered with investment firm Galaxy Digital to trade Bitcoin Futures. When asked if he wants Goldman Sachs clients to go into crypto, Solomon gave an obvious yet evasive answer. He explains that he wants the clients to do what they want. The CEO also added that some Goldman Sachs clients already participate in the space. BTC\u00a0 drops to $48K | Source: BTCUSD on TradingView.com 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. \u201cI\u2019m 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,\u201d Solomon said. Related Reading |\u00a0Despite 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. \u201cI think that\u2019s a big opportunity and we\u2019re excited about that,\u201d said the CEO. Blockchain technology has already managed to penetrate most industries, with the financial services industry being the most obvious one. Megabanks like JPMorgan and Morgan Stanley have all moved to expand their offerings to clients in the space. Featured image from CNBC, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":478581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1020,1119,2212,84886],"class_list":["post-478575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain","tag-btc","tag-goldman-sachs","tag-goldman-sachs-ceo"],"acf":[],"yoast_head":"\nGoldman Sachs CEO Doesn\u2019t Own Bitcoin<\/h2>\n
BTC\u00a0 drops to $48K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Blockchain Is More Important<\/h2>\n
Featured image from CNBC, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"