Goldman Sachs CEO David Solomon called blockchain technology "extremely interesting", emphasizing its ability to eliminate problems in the financial system. He stated this in an interview with CNBC.
However, the top manager noted that he considers cryptocurrencies to be a "speculative investment" and does not see "real use" in them.
When asked about the potential creation of a bitcoin reserve similar to gold, Solomon said that "there may well be a case of value preservation."
Due to the greater digitalization of the economy, such an approach will help in maintaining it, said the CEO of Goldman Sachs.
In March, the bank's director in the Asia-Pacific region, Max Minton, announced the growing interest of customers in cryptocurrencies. In his opinion, the attention to the industry from traditional players has fueled the approval of spot bitcoin ETFs in the United States.
At the same time, Sharmin Mossavar-Rahmani, the CIO of the company's wealth management division, later reported on the lack of customer involvement in cryptocurrencies. One of the reasons for the skepticism was the difficulties with the real assessment of the intrinsic value of digital assets.
In addition to trading, Goldman Sachs is engaged in tokenization of traditional assets using blockchain. The bank has recently launched a corresponding platform called GS DAP.
Recall that in March, Goldman Sachs announced the possibility of acquiring requirements for liquidated crypto firms.