News

Goldman Sachs CEO Continues “To Be A Real Bull On The Digital Disruption Of The Financial Infrastructure”

Goldman CEO Continues “To Be A Real Bull On The Digital Disruption Of The Financial Infrastructure”

David Solomon, Chairman, CEO, and member of the Board of Directors of The Goldman Sachs Group, Inc., recently has an interview with CNBC on blockchain and cryptocurrencies topic.

Solomon said when asked how Goldman sees itself fitting into the crypto space.

I continue to be a real bull on the digital disruption of the financial infrastructure that underpins everything that we and others that interact in the financial system do on a day-to-day basis — the way money moves around the world, the way we can keep track of things, the way we can create automation and efficiency.

“Big believer that the blockchain and other technologies, some that exist, some that haven’t been developed yet give us great latitude to really evolve that infrastructure, create less friction for end users, more efficiency, cheaper products and services. And so, a big believer in that. We’ve been investing a lot in that.

“With respect to cryptocurrencies, as you appropriately point out, the regulatory construct does not let us do a lot. We talk to clients, we try to respond to increase from clients. We’re trying to find interesting ways to use the blockchain and use technology in the world that we operate it.

“So, we’ve been involved in the construct of doing some repo on the blockchain. We’ve been involved in making loans that are structurally secured by somebody who would custody some sort of cryptocurrency. But at the end of the day, I don’t have a strong view — Bitcoin up, down, sideways. I’m more focused on being in the technology infrastructure than I am on cryptocurrency.“

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

goldman sachs goldman sachs

Victor

Recent Posts

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

7 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

35 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

58 minutes ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

1 hour ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

3 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

4 hours ago

This website uses cookies.