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Goldman Sachs CEO David Solomon indicated the firm is open to engaging in Bitcoin and Ethereum, contingent on changes in regulatory frameworks. While the bank has developed infrastructure for digital assets and offers consultancy services, legal constraints currently prevent direct trading. Solomon noted that a favorable regulatory environment could prompt the firm to expand its involvement in the cryptocurrency market.
Goldman Sachs is poised to enter the cryptocurrency market, particularly Bitcoin and Ethereum, if US regulations become more favorable, according to CEO David Solomon. As Bitcoin reached $100,000, the firm holds approximately $710 million in Bitcoin ETFs and is actively developing blockchain solutions for institutional clients. Despite regulatory challenges, Solomon remains optimistic about future growth opportunities in the digital asset space.
Goldman Sachs CEO David Solomon anticipates an acceleration in capital-markets activity into 2025, driven by expected policies from the Trump administration. He noted that clients are increasingly ready to engage in the market after a period of waiting for valuations to improve.
David M. Solomon
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