In interesting statements, David Solomon, CEO of Goldman Sachs, confirmed that the bank is ready to deal with digital currencies if regulations change under the administration of President-elect Donald Trump. During a conference organized by Reuters, Solomon explained that the current regulatory framework needs to be developed to enable the bank to invest directly in digital assets such as Bitcoin and Ethereum.
Solomon noted that there is growing interest in cryptocurrencies, but warned that the future of regulation remains unclear. “Right now, our ability to operate in these markets [cryptocurrencies] is very limited from a regulatory standpoint,” he said. He stressed that Goldman Sachs, as a regulated financial entity, cannot currently buy or sell cryptocurrencies, although it is exploring digital assets.
Despite the restrictions, the bank has significant investments in bitcoin exchange-traded funds (ETFs). According to a filing with the Securities and Exchange Commission, Goldman Sachs has about $718 million spread across eight ETFs, including a $461 million investment in BlackRock’s bitcoin fund.
Solomon’s comments come as President-elect Trump promises to create a government that supports cryptocurrencies. Trump has tapped prominent crypto advocate Paul Atkins to head the Securities and Exchange Commission, suggesting the agency may adopt a more investor-friendly approach to the space.
In a related context, sources revealed to Axios that Trump “wants” Bitcoin to continue to rise to $150,000 after he takes office. A source in the presidential transition team indicated that “this is like a new stock market for him. Trump wants Bitcoin to reach $150,000 early in his presidency.”
Regarding Bitcoin's historic $100,000 rise, Trump tweeted: "Congratulations to all Bitcoin fans! $100,000! You're welcome!!!"
In conclusion, we must emphasize that this article is merely the personal opinion of its author, and may contain inaccurate information. Therefore, the reader is advised to verify the information through reliable economic news to ensure making informed investment decisions.
