David Solomon, CEO of Goldman Sachs, one of the world’s leading banking institutions, expressed his views on the plight of Bitcoin and blockchain. For Solomon, Bitcoin is not as important as the technological advancement that the implementation of blockchain and other new ledger-based tools can bring to the traditional financial world. The executive further stated that he personally does not own Bitcoin or Ethereum.

Goldman Sachs CEO Bitcoin

David Solomon, CEO of Goldman Sachs, one of the world’s largest banks, explained that to him, Bitcoin is not as important as the technology behind it.The executive made these statements in a statement interview On CNBC’s Squawkbox on Tuesday. When asked about his views on encryption, Solomon replied:

For example, my opinion on Bitcoin is that I really don’t know, but it’s really not very important to me personally.

In addition, he believes that the true value of Bitcoin lies in the technology that powers it, the blockchain, and how it affects the future of the financial world. Solomon said he is a “loyal believer” in the destruction caused by these technologies, and Goldman Sachs is also trying to participate in this revolution through its service applications.

Solomon: “Bitcoin is not the key”

Solomon also said that in his opinion, Bitcoin is not essential to the banking industry. This is the impact of new technologies brought by Bitcoin and other cryptocurrencies, which is the key to the modernization of the current banking platform. Solomon emphasized:

I think Bitcoin is really not the key. The key is how blockchain or other untapped technologies can accelerate the digitization of financial service delivery methods.

However, he did say that as a speculative asset, it is very important for Goldman Sachs to provide Bitcoin to its customers, allowing them to bet on the currency’s market behavior.

in the past year, Bitcoin (BTC) It has been proved to be a valid asset by several important banking institutions including JPMorgan Chase, which has repeatedly criticized the true utility of the Bitcoin proposal in the past. The bank began providing cryptocurrency investment services to its customers earlier this year.this critic Its CEO, Jamie Dimon (Jamie Dimon) stated that Bitcoin is Worthless Previously, it did not affect the bank’s ability to provide such services to its customers.

What do you think of David Solomon’s “blockchain, not bitcoin” approach? Tell us in the comments section below.

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