According to CryptoPotato, Goldman Sachs CEO David Solomon recently stated that Bitcoin could potentially serve as a store of value similar to gold. Solomon's remarks come amid ongoing discussions about bitcoin's role as a reserve asset and its potential to act as a store of value. In a July 30 interview with CNBC, Solomon clarified that while he has never been a critic of Bitcoin, his primary concern has been its speculative nature. He emphasized the promise of the underlying technology, describing it as 'super interesting' and capable of reducing friction in the increasingly digitized financial system. When asked by CNBC's Joe Kernan about bitcoin's potential to serve as a reserve asset like gold, Solomon responded, 'There very well could be a store of value case.' Under Solomon's leadership, Goldman Sachs has actively engaged in the cryptocurrency space. In 2021, the firm established a crypto trading desk. At that time, Solomon expressed the belief that Bitcoin could eventually rival and surpass gold's market capitalization, though he still viewed it as a speculative asset. 

Despite mixed messages from some Goldman Sachs executives regarding Bitcoin's volatility and its reliability as a store of value, the firm's commitment to digital assets remains evident. Goldman Sachs plans to launch three tokenization projects by the end of the year, targeting both the U.S. and European markets. At the 2024 Bitcoin Conference, MicroStrategy CEO Michael Saylor advocated for the first country to accumulate bitcoin by issuing fiat currency, suggesting it could gain an economic advantage. Saylor proposed reallocating treasury reserves from gold and bonds to bitcoin, issuing currency and debt to purchase the cryptocurrency, and implementing laws favourable to bitcoin ownership. He argued that nations, particularly those with significant debt, could use bitcoin to address economic challenges by shifting reserves from short-term assets like gold and bonds to long-term digital assets. Similarly, Senator Cynthia Lummis has argued that Bitcoin could help the United States manage its growing debt. She has proposed a bill to make Bitcoin a strategic reserve asset to reduce the national debt. On July 30, Lummis highlighted on social media that the U.S. national debt has surpassed $35 trillion and suggested that bitcoin could be a solution to control it.