Goldman Sachs CEO: Bitcoin Poses No Threat to the US Dollar

In a recent conversation, Goldman Sachs CEO David Solomon made a significant statement that has excited cryptocurrency enthusiasts.

“I firmly believe in the US dollar. Bitcoin is an intriguing speculative asset. I do not view Bitcoin as a threat to the US dollar,” he stated.
When asked if his perspective on cryptocurrency would change completely due to Trump’s pro-crypto stance, Solomon noted that if the world changed, he would be open to discussing it. While emphasizing his belief in the US dollar, he also referred to Bitcoin as an “interesting speculative asset.”

JUST IN: Goldman Sachs CEO Solomon says, “I don’t see Bitcoin as a threat to the US Dollar.” pic.twitter.com/wYNn634meW— Bitcoin Magazine (@BitcoinMagazine) January 22, 2025

Bitcoin Not a Threat to USD
Importantly, Solomon expressed that he does not perceive Bitcoin as a threat to the US dollar. Additionally, during a recent interview, BlackRock CEO Larry Fink stated that if there is increased fear of currency debasement and economic instability, Bitcoin could reach $700,000.
Shortly before the highly anticipated inauguration of the 47th President of the United States, Donald Trump, Bitcoin surged to an all-time high of $109,000. It is currently trading at $104,428, experiencing a decrease of over 1% in the past day.

US – A Future Global Crypto Hub?
Many within the crypto community see Trump’s return to power as the beginning of a new era, with hopes for greater recognition of decentralized currencies. It is widely anticipated that he will issue an executive order on cryptocurrencies early in his administration, establish a crypto advisory council, and create a national bitcoin reserve.

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