Goldman Sachs CEO David Solomon Defends US Dollar Amid Bitcoin Reserve Debate

Goldman Sachs CEO David Solomon spoke at the World Economic Forum, stating that Bitcoin doesn't endanger the US dollar's stability or international role.

Goldman Sachs CEO David Solomon spoke at the World Economic Forum, stating that Bitcoin doesn’t endanger the US dollar’s stability or international role. During his World Economic Forum speech in Davos, Switzerland, Solomon called Bitcoin a “speculative asset worth monitoring” but stressed that US dollars keep driving global economic exchanges.

Goldman Sachs David Solomon explained the bank’s official stance on Bitcoin during his latest interview. He explained that Bitcoin interests investors as a potential asset but leaves the US dollar secure as the main global currency. The CEO confirmed his view that the US dollar continues to support the entire global financial system.

More so, Goldman Sachs CEO responded to questions about Donald Trump’s suggestion for a Bitcoin reserve strategy. He confirmed that Bitcoin’s uncertain market behavior contradicts Goldman Sachs’s business methods and demonstrated the company’s reliance on US dollar dominance.

However, Goldman Sachs is leveraging blockchain technology to reduce friction in financial systems but remains restricted from directly owning Bitcoin due to current regulations. Goldman Sachs CEO noted that the investment bank continues to test blockchain applications.

Notably, the entire crypto community has expressed confidence in the new Trump administration on crypto policies. Most recently, Ripple CEO Brad Garlinghouse shared optimism about blockchain’s role in economic growth. He attended high-profile inauguration events, including the Crypto Ball and a Vice President-hosted dinner. Garlinghouse highlighted the collaborative efforts to advance blockchain adoption in the United States.