In the grand theater of global finance, where the U.S. dollar reigns supreme, Goldman Sachs Chairman David Solomon has taken the stage to declare Bitcoin a mere “interesting speculative asset” — a jester in the court of the almighty greenback. 🎭💸
During a recent interview with CNBC, Solomon, with the confidence of a man who has never doubted the dollar’s dominance, proclaimed, “I’m a big believer in the U.S. dollar. The U.S. dollar is super important. Bitcoin’s a speculative asset, an interesting speculative asset. I don’t think there is a lot more to say about it.” Ah, the eloquence of a man who clearly has no time for digital distractions. 🗣️💼
When pressed further, Solomon added, “I think there are others who might see it [as a threat]. But I don’t see Bitcoin as a threat to the U.S. dollar.” Of course not, David. Why would the king fear the court jester? 👑🤡
From a regulatory standpoint, Solomon admitted that Goldman Sachs is currently barred from holding, trading, or directly engaging with Bitcoin. “If the world changed, maybe we could have a discussion about it,” he mused, as if the world hadn’t already changed a dozen times since Bitcoin’s inception. 🌍🔄
His comments echoed his December remarks, where he hinted that Goldman Sachs might consider a broader presence in Bitcoin or Ethereum if U.S. regulators gave the green light. Meanwhile, as President Trump prepares to take the reins from Biden, traders are buzzing with optimism that the new administration might bring a crypto-friendly breeze to Wall Street. 🍃💨
Trump, ever the showman, has even promised to establish a national Bitcoin reserve during his campaign, sending Bitcoin prices soaring to a new all-time high of $109,020 ahead of his inauguration. 🚀💰
When asked if he hoped for regulatory changes that would allow Goldman Sachs to hold Bitcoin, Solomon shrugged, “I don’t have a lot to say about a speculation.” Ah, the art of saying nothing while saying something. 🤷♂️💬
Despite his skepticism, Solomon acknowledged that Goldman Sachs has been exploring the blockchain technology behind Bitcoin, praising its potential to “eliminate friction within the financial system.” So, while Bitcoin may be a jester, its underlying tech is apparently the court magician. 🎩✨
By November 2024, Goldman Sachs had quietly amassed approximately $718 million worth of shares in eight Bitcoin ETFs, with the majority stored in BlackRock’s iShares Bitcoin Trust, according to SEC filings. A curious move for a firm that claims to see Bitcoin as nothing more than a speculative sideshow. 🕵️♂️📊
So, while Solomon may dismiss Bitcoin as a mere jester, it seems even the king’s court can’t resist the allure of the digital stage. 🎭💻
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2025-01-23 14:34