Goldman Sachs continues to acknowledge the importance of Bitcoin.
As David Solomon, the CEO of the bank, said recently:
“As activities in these areas [cryptocurrency, blockchain, and the digitization of money] progress, there will be significant disruption and change in the way money moves around the world. There is also a significant focus on cryptocurrencies like Bitcoin, where the trajectory is less clear as market participants evaluate their possibility as a store of value.”
These comments are similar to what the CEO had said a couple of days ago – that the clients of Goldman Sachs have an interest in Bitcoin, but that clearer regulations are needed if the company is to get involved with crypto. Goldman Sachs does plan to offer Bitcoin investment products to its wealthier clients.
“Of course we need to operate within the current regulatory guidelines. For example, we cannot own Bitcoin or trade it as a principal,” Solomon said, referring to how US regulation is slowing progress.
The CEO has also said that the bank will “play a role in these innovations as they are important to our clients and important to the future of global financial systems.”