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Cryptocurrency News Articles

Goldman Sachs CEO David Solomon Doesn't See Bitcoin as a Threat to the US Dollar

Jan 23, 2025 at 01:59 am

In a recent conversation, the Goldman Sachs CEO, David Solomon has made a huge statement that has sparked excitement among crypto enthusiasts.

Goldman Sachs CEO David Solomon Doesn't See Bitcoin as a Threat to the US Dollar

Goldman Sachs CEO David Solomon has shared his thoughts on Bitcoin and the US Dollar in a recent conversation.

When asked about his thoughts on Bitcoin in light of Trump’s pro-crypto stance, the Goldman Sachs CEO said that if the world changes, he could probably have a discussion on it. However, he ultimately stated that he is a “big USD believer.”

“I don’t see Bitcoin as a threat to the US Dollar,” he added.

Goldman Sachs CEO On Bitcoin Speculation

In a recent interview, BlackRock CEO Larry Fink has stated that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.

Recently, hours before the highly anticipated inauguration of the 47th President of the United States Donald Trump, Bitcoin galloped to an all-time high to $109,000. It is currently trading at $104,428, down over 1% in the past day.

Trump’s return to power is seen by many in the crypto community as the start of a new era, with hopes for greater recognition of decentralized currencies. Many anticipate that he will announce an executive order on crypto early in his administration, along with the creation of a crypto advisory council and a national bitcoin reserve.

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Other articles published on Jan 23, 2025