- David Solomon stated he never dismissed Bitcoin’s potential permanence
- Goldman Sachs aims to launch three tokenization projects by the end of 2024
- However, not all Goldman Sachs are enthusiastic about Bitcoin, for instance, the Chief Investment Officer
In a recent interview with CNBC, Goldman Sachs CEO David Solomon.
He recalled his previous skepticism but clarified that, with a confident attitude towards Bitcoin, he never doubted that it would have its place in the economy.
What Exactly Are Goldman Sachs’ Intentions Regarding Bitcoin?
More specifically, David Solomon recognizes Bitcoin’s volatility but considers it a speculative investment rather than a stable asset.
I’ve never been on the other side as to whether or not Bitcoin would be something that’s around … I think it’s a speculative investment.
Apparently, he does not share the highly optimistic views that we are now hearing from the biggest political figures on the campaign trail.
Nevertheless, his stance is not negative but rather neutral, as evidenced by the fact that Goldman Sachs plans to launch three tokenization projects by the end of the year, including one based in the US.
More specifically, Matthew McDermott, global head of digital assets, announced plans to improve the firm’s crypto services, which include tokenizing assets such as money market funds and real estate.
But not everyone at Goldman Sachs takes a positive or even neutral stance. For example, the Chief Investment Officer of the company’s Wealth Management division continues to see cryptocurrency as a legitimate investment class and argues that Bitcoin lacks intrinsic value.
Conclusions
We see Goldman Sachs, along with many others, beginning to turn their interest more towards crypto.
It is especially interesting that despite the company’s neutral stance and different opinions—including skeptical ones—initiatives to launch crypto projects are still part of its plans.
It looks like Bitcoin and cryptocurrencies are being forced to be reckoned with even by those who don’t share enthusiasm about them.
Let’s keep watching the biggest players’ still neat but pro-crypto actions.
