In a recent dialogue, the CEO of Goldman Sachs, David Solomon, has made a significant declaration that has ignited enthusiasm among cryptocurrency supporters.
“I am a strong advocate for the US dollar. Bitcoin is a fascinating speculative asset. I do not view Bitcoin as a competitor to the US dollar,” he stated.
When queried if his perspective on cryptocurrency would entirely shift considering Trump’s favorable position on digital currencies, the Goldman Sachs CEO remarked that should the world transform, he might be open to a discussion about it. While he emphasized that ultimately, he is a significant ‘USD advocate,’ he also referred to Bitcoin as an ‘intriguing speculative asset.’
Bitcoin Not A Threat To USD
Crucially, he stated that he does not consider Bitcoin as a danger to the US Dollar. Furthermore, in a recent interview, BlackRock’s CEO Larry Fink mentioned that Bitcoin could soar to $700,000 if fears regarding currency devaluation and economic turmoil increase.
Not long ago, just hours before the highly awaited inauguration of the 47th President of the United States, Donald Trump, Bitcoin surged to a record high of $109,000. It is presently trading at $104,428, declining over 1% in the last day.
US- A Global Crypto Hub Soon?
Trump’s re-emergence in power is perceived by numerous individuals in the cryptocurrency space as the dawn of a new chapter, filled with expectations for enhanced acknowledgment of decentralized currencies. Many predict that he will unveil an executive order regarding crypto early in his administration, alongside the establishment of a crypto advisory council and a national bitcoin reserve.
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