At the start if the week Goldman Sachs named David Solomon as their new CEO. Well now David Solomon, the new Goldman Sachs CEO is keen on bitcoin and crypto. Feeling speculation that the multinational investment bank may be looking to add additional bitcoin and cryptocurrency related investment tools to their portfolio.
Solomon indicated in an interview with Bloomberg that Goldman Sachs already offer their customer bitcoin-nbased derivatives, namely bitcoin futures. However he did state that the bank must “evolve its business and adapt to the environment.”
“We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously,” said Solomon. “We’re listening to our clients and trying to help our clients as they’re exploring those things too.”
Goldman Sachs CEO is keen on bitcoin and crypto beyond futures
We know that Goldman Sachs offer bitcoin derivatives but this news certainly has indicated that Goldman Sachs are keen on adding further cryptocurrency based investment tools beyond futures in an attempt to adapt to new markets.
Solomon will assume control from current Goldman CEO Lloyd Blankfein in October, which will see the end of his 12 year rein with the Wall Street giants.
Blankfein never dismissed bitcoin and remained more on the fence that some of the other Wall Street CEO’s such as Jamie Dimon who has called bitcoin a fraud in the past. Blankfein has always stated that he would not rule out bitcoin.
“I’m not in this school of saying… because it’s uncomfortable with me, because it’s unfamiliar, [bitcoin and cryptocurrency adoption] can’t happen, that’s too arrogant,” Blankfein said.
The next logical step for bitcoin and cryptocurrency based investment products would be the long awaited addition of bitcoin ETF’s which could potentially spark a huge wave of investment into digital currencies.
Will Goldman Sachs add any more crypto assets or products? Let us know on social media