Blockchain Technology is what matters, Goldman Sachs CEO Says
Goldman Sachs CEO David Solomon, leading of one of the biggest banks in the world, has commented on the Bitcoin vs blockchain dilemma. In an interview on CNBC’s Squawkbox on Tuesday, he said that the advancements in technology that blockchain and ledgers bring are the only thing that matter.
“My view on, on bitcoin for example is I really don’t know but it’s really not something, you know, individually that’s important to me.”
Revealing that the true value of Bitcoin is with its technology, Solomon stated that he is a ‘”big believer” in the disruption that these technologies can inflict and that Goldman Sachs is also in on the game via its services app.
Furthermore, Solomon opined that, from a banking industry perspective, Bitcoin was not a key factor in the recent modernization of existing banking platforms, but that it was powered by the new technologies behind Bitcoin and cryptocurrencies. The CEO said:
“I think bitcoin is really not the key thing. The key thing is how can blockchain or other technologies that are not developed yet accelerate the pace of the digitization of the way financial services are delivered.”
Nevertheless, the banking giant executive did admit that it was still important for Goldman Sachs to offer Bitcoin to its customers, as a speculative asset to let them participate in the markets. Solomon added that he does not own Bitcoin or Ethereum himself.
“I don’t personally own #bitcoin or #ethereum,” says $GS CEO @DavidSolomon on #btc. “It’s really not something individually that’s important to me. I’m a big believer in the digitization and the disruption that’s occurring in the way financial services are delivered.” pic.twitter.com/8wTw0RsII0
— Squawk Box (@SquawkCNBC) December 7, 2021
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Author: Peter Siu