Goldman Sachs CEO David Solomon says bitcoin could be ‘a store of value case’ | Headlines | News | CoinMarketCap

07/30/2024 21:48
Goldman Sachs CEO David Solomon says bitcoin could be ‘a store of value case’ | Headlines | News | CoinMarketCap

David Solomon, the chief executive of Goldman Sachs, is not one to speculate on the price of bitcoin or any other crypto assets. "I've always said I …

David Solomon, the chief executive of Goldman Sachs, is not one to speculate on the price of bitcoin or any other crypto assets.

"I've always said I think it's a speculative investment," Solomon said during an interview with CNBC at the Summer Olympics in Paris, France. "I don't see a real use case."

Solomon said the underlying technology behind crypto is "super interesting," highlighting how progress can be made to take the friction out of the financial system as the system becomes increasingly digitized.

When asked by CNBC's Joe Kernan if building a reserve similar to a gold reserve is a store of value case or a use case for Bitcoin, Soloman said "there very well could be a store of value case."

In 2021, the same year Goldman Sachs launched a crypto desk, Solomon said, "Bitcoin is …

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