“Digital gold does not threaten the status of the dollar as a reserve currency, still remaining a speculative asset. This was stated by CEO Goldman Sachs David Solomon, writes The Block. Topmender noted that the institution continues to work with the basic technology of bitcoin to minimize “misunderstandings” in the financial system. However, from a regulatory point of view, the bank still cannot possess the first cryptocurrency and carry out operations with it. “If the world changed, we could […]”, – WRITE: Businessua.com.ua
Digital gold does not threaten the status of the dollar as a reserve currency, still remaining a speculative asset. This was stated by CEO Goldman Sachs David Solomon, writes the Block.
Topmender noted that the institution continues to work with the basic technology of bitcoin to minimize “misunderstandings” in the financial system. However, from a regulatory point of view, the bank still cannot possess the first cryptocurrency and carry out operations with it.
“If the world changed, we could discuss it. […] I believe in the US dollar. Bitcoin is an interesting speculative tool. I do not think there are many more questions about this, ”Solomon added.
CEO Goldman Sachs expressed skepticism on the threat of digital gold for national currency. As before, the topless has recognized that the asset can act as a “means of savings.”
We will remind, in March 2024 the director of the bank in the Asia-Pacific region Max Minton declared the increasing interest of clients in cryptocurrencies. In his view, the attention of the traditional players has warned the approval of spot bitcoin-ETFs in the United States.
Later Cio Sharmin Mossavar-Rakhmani, a department of well-being, has reported a lack of client involvement in digital assets. One of the reasons for skepticism was the difficulty with the real estimate of the internal value of cryptocurrencies.
In addition to indirect trade, Goldman Sachs is engaged in RWA token with blockchain. For these purposes, the Bank launched the appropriate platform called GS DAP.
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