Speaking to CNBC, Goldman Sachs CEO David Solomon said he is positive about “digitalization innovation of financial infrastructure.”
“Blockchain Technology Benefits Financial Institutions A Lot”
Solomon stated that he is confident that Blockchain and other advanced technologies that are yet to be developed will give financial institutions great freedom to make their infrastructure more efficient.
Goldman is also looking for new and interesting ways to use Blockchain technology.
However, Solomon is the main application of Blockchain technology. cryptocurrencies He said he was less enthusiastic about it.
The famous CEO said that the lack of regulation in this area prevented Goldman Sachs from entering this rapidly growing sector:
“The regulatory structure does not allow us to do much work in this area.”
Solomon bitcoin He added that he does not hold a strong view for any cryptocurrencies, including
In addition, Solomon said that he does not care about which direction the price of the world’s largest cryptocurrency is moving.
Bitcoin, which fell to $ 26,000 last week, thus fell to its lowest level since December of 2020.
Goldman Sachs Continues Expansion In The Cryptocurrency Industry
Although David Solomon does not think very positively about cryptocurrencies, his company Goldman Sachs continues to take steps in this area. Goldman, Wall Street’s largest bank, recently introduced Bitcoin lending.
The bank also conducted its first over-the-counter cryptocurrency trade with Mike Novogratz’s company Galaxy Digital in March.
Earlier in 2021, Goldman Sachs also reactivated its trading desk with the rising demand.
*Not investment advice.